Binance Coin price line climbs above the $26.00 mark on the 13th of February. CryptoColugo is a trading view analyst who believes that Binance Coin may show price growth if it breaks above the resistance placed at $26.40. As per the prediction, if the coin breaks the resistance it will cross the $36.00 mark by mid-August 2020.
1-Day Binance Coin Price Analysis (14th February)
Binance Coin was placed at $25.4949520 at the start of the 14th of February. The cryptocurrency saw an upward price movement towards the $26.00 mark, after which it fell below the $25.20 mark and reached a day’s low of $25.020 by 07:38 GMT. The currency saw a bullish momentum and regained its price to the $25.60 mark. The trading pair sketched its price line close to the $25.60 level until 14:07 GMT, after which it rose to the $25.80 mark before it saw further price gains and reached the $26.40 level by 18:48 GMT.
The Binance Coin / US Dollar trading pair closed the day at $26.4560570 US Dollars.
Binance Coin: Predictive Analysis
According to CryptoColugo’s opinion, if Binance Coin BNB breaks through the resistance placed at $26.2257733 the cryptocurrency’s price line will assume a bullish momentum and it will cross the $36.00 mark by August 2020.
The crypto analyst further stated that if the coin does not make its way past the resistance, it will have to return to the rising trendline before it can see itself to another climb. According to the chart, if the cryptocurrency returns from the resistance, it will fall towards the $28.28 mark.
Featured Image by Kaidi Guo.
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.