Advertisement
AD

Main navigation

Advertisement
Advertisement

Binance Coin (BNB) Price Analysis for September 19

Advertisement
Tue, 19/09/2023 - 18:00
Binance Coin (BNB) Price Analysis for September 19
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

Bulls are trying to hold the gained initiative as most of the coins are in the green zone by the end of the day.

Advertisement
Article image
Top coins by CoinStats

BNB/USD

Binance Coin (BNB) could not follow the list of rising coins, going down by 1.14%.

Article image
Image by TradingView

On the local chart, the rate of BNB is in the middle of the channel, gaining energy for a further move. As most of the daily ATR has been passed, there are low chances of seeing high volatility today. In this case, sideways trading in the area of $217-$219 is the more likely scenario until tomorrow.

Article image
Image by TradingView

On the bigger time frame, the situation is similar, as the rate remains far from key levels. If buyers want to get back in the game, they need to restore the price above the closest resistance of $221.7. Only in that case can one expect a possible bull run.

Article image
Image by TradingView

On the daily chart against Bitcoin (BTC), Binance Coin (BNB) is looking bearish as the rate is again testing the support level of 0.007943. If the bar closes near it, the breakout may lead to the test of 0.007873 soon.

BNB is trading at $217.9 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