Main navigation

Binance Coin (BNB) Price Analysis for March 28

Tue, 03/28/2023 - 18:30
article image
Denys Serhiichuk
Can Binance Coin (BNB) follow rise of other coins?
Binance Coin (BNB) Price Analysis for March 28
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

The prices of most of the coins are trying to come back to the bullish zone, according to the CoinMarketCap data.

Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has dropped by 1.08% over the last 24 hours.

BNB/USD chart by TradingView

Despite a slight fall, the rate of Binance Coin (BNB) is trading near the local resistance level of $312.6. If buyers can hold the gained initiative, the breakout may lead to the bread, followed by the growth to the $315 zone.

BNB/USD chart by TradingView

On the daily time frame, Binance Coin (BNB) keeps trading in a wide range, between the support at $302 and the resistance at $346.3.

Related
DOGE and SHIB Price Analysis for December 27

As none of the sides has seized the initiative, ongoing sideways trading around the $310 mark is the more likely scenario until the end of the week.

BNB/BTC chart by TradingView

On the daily chart against Bitcoin (BTC), the rate of BNB has once again made a false breakout of the support at 0.011415. If the current candle closes with no long wicks, the bounce back may continue to the 0.012 zone.

BNB is trading at $312 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.