BNB Comeback: Binance Coin Trades With a 2.45% Uptick Today

We are seeing a very fruitful day for the cryptocurrency market this Sunday. Even the Binance Coin news show that a positive activity is here for BNB as the recovery momentum spreads across today. Among the other altcoin gains, BNB is nicely trading with a comeback of 2.45% and a mini-bullish course on the day.

The entire BNB comeback began when the Binance Coin indicated a gradual rise, even though it remained under the baseline for most of the 9th, with a surge which stipulated a deadline of $19.71 with the 10th showing an increase above it. All of this indicated a bullish wave that is applicable for most altcoins for the day.

The trading is at the time of writing occurring beyond the average value of the coin and the price of Binance Coin in the wake of a BNB comeback is finally above $20. At press time, Binance Coin (BNB) trades at $20.30 with a market cap of $3.17 billion.

The price, however, has shown multiple rises and falls for the day. The good news is that it was finally able to climb beyond its support levels to reach $20 again. Hopefully, the bullish action will remain and the bulls will help it cross the resistance in the $22 and $22.4 marks. These are the points which are being seen as the most important right now.

Closing on the 9th, the Simple and Exponential Moving Averages are now both closed at $19.65. At the time of writing, however, they rest at $20.19 which is an even better price point and one that is well above the baseline.

The market cap in the wake of a BNB comeback varies between $3.05 billion and $3.07 billion, with a low and high of $3.05 billion and $3.10 billion. The trading volume ranged between $163 million and $190 million accordingly, with a median of $183 million and a seven day moving average of $169 million.

All of these stats and technical factors show that the BNB comeback is real this time and may be dragging the price of the coin up by even more. The altcoin news and rumors hint about new increases – but the one today is dominated by Litecoin (LTC) which is up by 3.22% and is the biggest gainer in the top 20.