Binance Coin BNB price trend shows major volatility in the price from the almost nineteen dollars ($18.80) mark to the seventeen and a half dollars ($17.60) mark.
However, Binance Coin BNB price is about four and a quarter percent (4.22%) up from the dip that affected the BNB price movement on the 16th of October.
Binance coin price movement has been independent of Bitcoin throughout the week where the Bitcoin price is still struggling BNB price has problems of its own.
Binance Coin BNB price movement: What to expect?
The Binance Coin is halted between both moving averages. The decline is most likely to be met with a surge range upwards. In case the bulls are able to increase the price above the support line, a change in trend can be indicated. Thus, traders will be able to stand in long positions.
On the other hand, in case the range declines with a break beneath the twenty-day exponential moving average. The bear market will try and decrease the price to fourteen dollars ($14.255). In case this also ceases to persist, a further decline is possible.
The probability of this is low, considering how moving averages have flattened themselves out and the relative strength index has indicated levels above fifty, showing the subsiding of selling pressure.