Binance coin activity has been dormant for the past 30 days. The 7th biggest cryptocurrency on the market saw an over four percent (4.5%) rise in its price in June 2019 and rose up from thirty-three dollars ($33.23) to almost forty dollars ($39.59).
The piece mark then settled to thirty-two dollars ($32.50) and has been keeping a balance in that area. Binance coin has a market cap of over four and a half billion dollars ($4.69B) right now and standing strong at four hundred and sixty percent (460%).
Binance coin has been near thirty-two dollars ($32.45) against the US dollar and so has been the Exponential Moving Average (EMA) for it. Resistance levels for the Binance coin lie at thirty-four dollars ($34.20) and thirty-five dollars ($35) marks.
If the bullish trend continues then, the next resistance levels will be thirty-six ($36.28), thirty-eight dollars ($38) and then to $38.53, and finally to thirty-nine dollars ($39.59).
Above the previous all-time high, thirty-nine dollars ($39.59), the price will be resilient at forty-two dollars mark ($42) and ($42.66), then onto forty-four dollars ($44.04) and finally to forty-six dollars ($46.16).
The support lines for Binance coin (BNB) are at thirty-two dollars ($32.45) and lower at thirty-one dollars ($31.20). Further below, the next level of support lies at thirty-one dollars ($31) and the thirty dollars ($30) marks. Twenty-nine dollars ($29.22) and twenty-seven dollars ($27.91) are the support line to look for below the thirty dollars ($30) mark which contains the 100 days EMA.
The relative strength Index (RSI) will be giving a green light for the bull market once it breaks above the 50 levels.