Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: MRM on August 09, 2020, 02:31:35 PM
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BNB has been making a consistent upward move despite the recent retracements. Interestingly, the crypto has reached another high of $23.50 but the coin is in the overpriced region.
Sellers emerged to push prices downward. The coin retraced to $22 low and resumed an upward move. Today, BNB has moved upward and has reached the $23.00 resistance zone.
For BNB to continue its upward move, the price has to break the resistance at $23 and $23.50. Today, price is testing the $23 resistance to break above it. The next target of BNB is the $26 high if price rebounds and breaks the resistance at $23 and $23.50. BNB will be compelled to a sideways move if buyers fail to push the coin above the resistance. The market may be range-bound between $22.50 and $23.50.
Source: https://coinidol.com/binance-coin-continues-rallies/