
- BNB/USD crypto-trade has located another range zones within $24 and $16 marks as against the last lower spots.
- The 50-day SMA trend-line could determine an end of an uptrend market condition of this crypto-trade especially while broken downwards.
BNB/USD Long-term Trend – Ranging-Distribution territories: $28, $32, $36
-Accumulation territories: $12, $8, $4
In spite of a sudden hike in price that occurred in most of the crypto-trading operations on April 2, the market valuation of BNB/USD still moves in a range until now. The impact of the spike has only made the crypto to locate another range zones within $24 and $16 marks.
The market trend has been keeping in motion along the 14-day SMA indicator slightly to the north direction above the 50-day SMA with a notable small space between them. The Stochastic Oscillators are conjoint at range 60 to signify that the range price movement is still on-going.
The emergence of a bullish shaven candlestick is most needed to be formed against the $24 upper range mark to potentially substantiate the bulls’ returning on a more convincing mote in the market. The 50-day SMA has been the trend-line that could determine an end of an uptrend market condition of this crypto-trade if eventually sees a strong push southward against its $16 lower range point.
source:
https://bitcoinexchangeguide.com/binance-coin-price-prediction-long-term-bnb-value-forecast-april-7/