Binance Coin Makes a Sharp Rise, Hits the $32 Resistance

[MRM]

Binance coin (BNB) is making an impressive bullish run. In the current uptrend, the coin is approaching the $32 high.

While in the previous uptrend, BNB was stuck below the $24 resistance on August 5. Buyers were unable to push BNB above the resistance for over a month.

The resultant effect was that the market dropped to $17 low. BNB rebounded above the $17 low and broke the current resistance. Today, the coin has rallied to a high of $32. The uptrend is likely to continue but price has reached the overbought region of the market. The crypto is likely to face a brief retracement.
Source: https://coinidol.com/binance-coin-rise/