Binance Coin price takes a bullish run to $17.75

Binance Coin price has had an increase of a little over three percent (3.09%) during the past day. The coin is currently trading at a little short of eighteen dollars ($17.75). It had an incline of over nine percent (9.7%) in the past week.

Binance Coin (BNB) currently ranks in the eighth position in the list of the largest cryptocurrencies. It has a market capitalization of over two billion dollars ($2.66bil).

The cryptocurrency has to cover a long path towards the recovery of its previous standing in the market, as it had dropped by forty-three percent (43%) over the preceding three (3) months.

Binance Coin price against the United States dollar (BNB/USD)

The cryptocurrency had recently gone up to the eighteen dollars ($18) mark before it came down to over sixteen dollars ($16.68).

Both of BNB’s closest resistance levels are placed eighteen dollars ($18), a bit over eighteen dollars ($18.16), and short of nineteen dollars ($18.85), with a temporary Fibonacci Extension of over one (1.272).

Greater resistance levels are observed at over nineteen dollars ($19.55) and a little short of twenty dollars ($19.93). Over the twenty dollars ($20) mark, the resistance levels are expected at a little short of twenty-one dollars ($20.92), a little short of twenty-two dollars ($21.94), and twenty-two dollars ($22).

binance coin price against us dollar price chartBitcoin price chart by Trading View

The closest level of support is placed at over sixteen dollars ($16.11). Below the sixteen dollars ($16) mark, the levels of support can be observed at over fifteen dollars ($15.54) with a Fibonacci Retracement of below one (0.786) and over fourteen dollars ($14.65).

If the sellers decide to drag the cryptocurrency’s price below September’s low, the support levels will be seen at fourteen dollars ($14), thirteen dollars ($13), and over twelve dollars ($12.59). The current trading volume is expected to rise.

The Relative Strength Index (RSI) has come back to the fifty (50) level. This means that the bulls are striving to stay in control over the market’s momentum.

Although the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal that depicts an upcoming retracement.

Binance Coin price against Bitcoin (BNB/BTC)

BNB has rolled to find support at 0.0020 BTC, which is the current Binance Coin price at the time of writing.

binance coin against bitcon price chartBinance Coin price chart by Trading View

The closest level of resistance for the Binance Coin price lies at 0.0022 BTC. Over this, the resistance level is expected to be placed at the upper borderline of the falling wedge. Over the wedge, the resistance levels are expected at:

  • 0022 BTC
  • 002657 BTC
  • 0023557 BTC
  • 0024 BTC with a hundred (100) days exponential moving average (EMA)

The closest support is placed at 0.0019888 BTC; below this, the support levels lie at:

  • 0019 BTC
  • 001853 BTC
  • 0018 BTC

The current trading volume of the cryptocurrency is at a maintained and average level.

The Relative Strength Index (RSI) is quite over the fifty (50) level; this means that the bulls stay in control over the market’s momentum.

Although, the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal, which shows that the cryptocurrency’s price may come back before it goes higher.

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