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Tag Archives: Binance Coin (BNB) Price

Binance Coin Price Analysis: Following 4% Daily Surge, is $520 In Sight for BNB?

Key Support level: $417 Key Resistance level: $520, $692 (ATH) Since March 2021, BNB has formed a huge ascending triangle (colored in blue). A break above would signal that a new all-time high is in the cards. At the time of this post, BNB appears on a clear path to test the key resistance at $520 after a successful test of the support at $417. If BNB is successful in breaking above the key resistance, the price can rally towards the current all-time high at $692. Chart by...

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Crypto Price Analysis Jan-7: Ethereum, Binance Coin, Cardano, Solana, and Luna

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

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Binance to Replace Quarterly Burn with a BNB Auto-Burn Mechanism

The cryptocurrency exchange giant Binance announced the implementation of a new BNB Auto-Burn mechanism. The aim is to provide greater transparency and predictability to the BNB community. BNB Auto-Burn is also designed to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities. According to the official blog post, the new system, dubbed “BNB Auto-Burn,” will have two characteristics. It will be...

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Crypto Price Analysis Nov-26: Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

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Binance Coin Price Analysis: BNB Bears Halt the Attempt to Break Above $600

Key Support level: $516 Key Resistance level: $600, $692 (ATH) The price rallied off the $516 support level with sufficient momentum to go all the way up to the $600 resistance level. Once there, the bears rejected the price and look likely to continue to put up a good fight at this key psychological level. For this reason, BNB still lingers just under $600 at the time of this post while the bulls are considering another attempt to break above. Chart by TradingViewTechnical...

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Crypto Price Analysis Nov-19: Ethereum, Cardano, Ripple, Binance Coin, and Solana

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

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Binance Coin Price Analysis: BNB Tumbles 10% Weekly, Is $500 The Next Bearish Target?

Key Support level: $516 Key Resistance level: $600  After breaking from the blue pennant, BNB rallied almost 50%, but the momentum simply was not enough to take it above the all-time high. Bears stepped in before that and pushed the price below the support at $600 that is now acting as resistance. Should the price continue to fall, BNB might find good support at $516. Chart by TradingViewTechnical Indicators Trading Volume: The volume was strong when the support at $600 was...

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Crypto Price Analysis Nov-12: Ethereum, Ripple, Cardano, Binance Coin, and Polkadot

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that...

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Bitcoin Consolidation Continues: BNB Crossed $100B Cap Nearing ATH (Market Watch)

Bitcoin’s indecisive price movements have continued in the past 24 hours, with the cryptocurrency staying above $60,000. Binance Coin has been among the best performers from the larger-cap alts as the asset has neared its ATH. BNB Eyes New ATH; AVAX Up 12% Most alternative coins were slightly in the red yesterday, as reported, but the landscape is relatively different today. Ethereum had fallen below $4,500, but a minor 2% increase on a 24-hour scale has driven the...

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Binance Coin Price Analysis: BNB Breaks Above $600, Is ATH in Sight?

Key Support level: $516 Key Resistance level: $600; 692 BNB rallied over 10% today and broke the $600 level before being pushed back by the bears. The momentum remains very strong for BNB, and a test of the all-time high at $692 becomes more likely every day. This surge follows a major break from the blue pennant, which was successfully tested as support. With a clear path higher, BNB is expected to be a top performer in the current bull market. Chart by TradingViewTechnical...

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