Main navigation

Binance Coin (BNB) Price Analysis for October 27

Advertisement
Fri, 27/10/2023 - 18:00
Binance Coin (BNB) Price Analysis for October 27
Cover image via www.tradingview.com

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.

Read U.TODAY on
Google News

Sellers have locally seized the initiative, according to CoinStats.

Article image
BNB chart by CoinStats

BNB/USD

Unlike other coins, the price of Binance Coin (BNB) has risen by 1.40% over the last 24 hours.

Article image
Image by TradingView

On the hourly time frame, the rate of Binance Coin (BNB) is in the middle of the local channel, gaining energy for a further move. 

Related

As the price has passed most of its daily ATR, sideways trading in the area of $225-$230 is the more likely scenario until tomorrow.

Article image
Image by TradingView

On the bigger chart, the rate of BNB is neither bullish nor bearish as the rate is stuck between the support of $219 and the resistance of $231. In this case, consolidation in that range remains the more likely scenario for the next few days.

Article image
Image by TradingView

On the weekly time frame, closure above the level of $221.3 could play a key role in terms of further price moves. However, if the candle closes with a long wick, there is a chance to see a correction below the $220 zone.

BNB is trading at $224.5 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD