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Home News Binance News

Binance Coin price approached $23.3, rise to $28 ahead?

Taha Farooqui by Taha Farooqui
August 15, 2020
in Binance News
2 min read
Binance Coin price approached $23.3, rise to $28 ahead?
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The Binance Coin price line rose past the $23.3 level on the 14th of August. The BNB price closed the day near the $23.2 level after trading within the day’s range of $21.28 to $23.32.

1-Day Binance Coin price analysis

Binance Coin price chart 1 - 14 August

Binance Coin price chart by Trading View

The cryptocurrency traded near the $21.8 mark at the start of the 24-Hour trade, after which the price line varied near the $21.4 to $21.8 mark. After 09:00 GMT, the BNB price turned bullish and rose towards the $22.8 level. Binance Coin closed the day at the $23.2 mark. At the time of writing, Binance Coin traded at $23.33 US Dollars.

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Trading With The Trend is a Trading View analyst who believes that the BNBUSD pair will rise towards the $28 mark.

Binance Coin price chart 2 - 14 August

Binance Coin price chart by Trading View

The analyst highlighted an ascending parallel channel for the BNBUSD pair on its 4-Hour trading chart. In their technical analysis, the analyst highlighted the net volume indicator for the trading pair and the fact that its net volume has increased. The cryptocurrency is expected to rise towards the upper boundary of the ascending parallel channel and test the rising resistance near $28. The trading channel began on the 2nd of July 2020.

If this idea comes into play, the cryptocurrency will form the 5th wave and push towards the resistance near $28. On the 14th of August, the trade became active when the cryptocurrency rose towards the $23.4 mark.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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