Binance coin has shown a good and stable performance since last week on the trading chart. An increase of two hundred and forty percent (240%) has been witnessed for the past three months which is a massive success. However, in comparison to Bitcoin, the BNB has lost 7% and shows resilience as compared to USD.
The nearest region of resilience from the upper level is estimated to be 0.0042 BTC and more resistance can also be expected up to the level of 0.0040 BTC (if this level will be achieved it would be regarded as the highest level of BNB against Bitcoin).
Currently, Binance coin market cap value is over three and a quarter billion dollars ($3.31 bn). The analysis of BNB/USD 1-Day Chart has revealed that the support is found to be $21.70 which is a stable support level.
The upper area resistance resides in the zone at $24 and can be expected to $30. The low zone resistance is seen at $22.60 and can fall to the level of $20.
The trading volume was low but, recently it shows some positive momentum. The RSI oscillator indicates the trend of the surging market on the chart.