Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bears remain more powerful than bulls as almost all coins are again in the red zone.
BNB/USD
Binance Coin (BNB) could not withstand the fall of Bitcoin (BTC), going down by 0.56%.
On the local time frame, Binance Coin (BNB) has broken the local resistance level at $275. Until the price is above it, growth may continue to the $280 mark.
On the bigger chart, Binance Coin (BNB) has approached the resistance level of $276.8. As the daily ATR has almost passed, there are low chances to see continued growth today.
Denys SerhiichukHowever, if the candle closes near the mentioned level, traders might see the test of the $285-$290 zone soon.
Analyzing the chart against Bitcoin (BTC), Binance Coin (BNB) remains strong, however, and has not reached yet the resistance at BTC 0.014323. If that happens, there is a high possibility of seeing the price blast to BTC 0.0146.
BNB is trading at $277.1 at press time.
Alex Dovbnya
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov