BNB Analysis! Will it Start its Rise from the Critical Support Zone?

 

  • While Bitcoin and altcoins have been experiencing upward movements since the beginning of March, BNB coin, one of the major coins, has not yet experienced a rally.
  • Will BNB initiate an upward trend? We are sharing the current BNB analysis with you.
  • Where should BNB investors pay attention?

Medium-Term BNB Price Analysis!

12-Hour BNB Price Graph Source: TradingView

Looking at the Binance Coin (BNB) price graph, it can be seen that it received support from the important support range of $300 – $305.

As long as the BNB price stays above $300, it can make an upward movement towards the resistance levels mentioned in the analysis.

As long as the BNB price stays above the mentioned support range, its first target will be the $341 level. If BNB closes below the $300 support level for a 12-hour candle, it can make a downward movement towards the $285 levels.

Short-Term BNB Price Analysis!

2-Hour BNB Price Graph Source: TradingView

When we examine the short-term graph of BNB price, it is moving close to the critical resistance level of $318.

If the Binance coin (BNB) price closes above the $318 level for 2-hour candles, it can continue its upward movement. As long as it stays above the $318 level, it may want to rise to the levels mentioned in the analysis, up to $328.

The closest support range for BNB in the short-term graph is the $308 price level. As long as the BNB price stays above $308, it can continue its upward movement.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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