The Binance Coin (BNB) Still In Green Despite The Market Decline

The Binance Coin (BNB) is among the best performers on the market and is still in the green, increasing up to 1.36% in less than 24 hours. The entire market, however, seems to be declining and most of the top ten cryptocurrencies are seeing some serious drops so let’s check the price analysis in the coming altcoin news below.

The Binance Coin (BNB) is still on a great path after weeks of continuous climbing on the ladder. It managed to increase by 241% over the past 90 trading days. The altcoin is currently holding a market cap of $3.26 billion. If we take a closer look at the BNB/USD 1-day charts, we can notice that some interesting activities.

Since the last update in our latest cryptocurrency news on the Binance Coin (BNB) to USD price analysis, now we can see that the Stochastic RSI crossover from has seen the altcoin find its support at around $22.60. The coin was also able to hold this support position with the minor lower spikes but it has since continued to climb further.

If you look at the Binance Coin (BNB) charts from above, you can notice that the nearest level of resistance is standing at the previous position at $25.18. Above this price range, a higher resistance can reach up to $26.60. If the strong bull movement continues further, the resistance level could even reach up to $28 and $30.

Looking at the price charts from below, we can notice that the Binance Coin (BNB) is expected to reach a support at $22 if the sellers push beneath the $22.67. Lower than the $20, a support level could be found at $19.80 and $17.30. The trading volume is still relatively high and has reached a level above average over the previous days as the price also climbed further. The RSI still remains in positive territory after it reached close to level 50. Also, the Stochastic RSI is slowly reaching oversold conditions as we are waiting for a crossover to signal a strong bullish move.

 

If we take a look at the Binance Coin (BNB) to BTC 1-day charts we can notice that the market turned against BTC. The price action stooped the 3-month rising trend line before it had a chance to rise higher. The altcoin is trading at 0.004 BTC currently.