Binance Coin seems a bit more positive as compared to other altcoins right now as it has been maintaining an uptrend since at least the last 5 days. Recently, it has formed a bullish candle above the 61.80% fib level. However, the coin keeps ranging between $19 to $20 since yesterday.
Binance Coin Price Analysis
BNB, being one of the most trusted altcoin, holds a vast number of traders. Despite the current volatile market, the coin is maintaining its price range without any major negative price fluctuation, which is a plus point.
For half of the day, BNB traded with the flattish pattern. It sharply surged at 11:15 UTC hitting the $20.36 price mark. After that, a steep price pullback took place and the coin bottomed as low as $19.33.
Seeing a support level there, it rebounded but couldn’t strike a full recovery. BNB formed a lower high at $20.19 as it faced a rejection there. Another price correction ushered the coin to dips and it tested support level at $18.80 recently. The coin has already started an upward journey from here.
RSI of the BNB coin is at 60 showing no extremities while MACD is all set to enter the bullish zone. Meanwhile, Binance Coin has reclaimed $20 price mark.
Here, the coin has just climbed well above the EMA line and Bollinger bands are opening up to welcome a volatile phase for BNB coin. Over the last 24 hours, it seems, Binance Coin has formed a double top.