Binance Coin (BNB) Price Analysis for September 17

U.Today
U.Today

17 Sep 2023 6:00 PM

When can traders expect midterm rise of Binance Coin (BNB)?...

  • The rates of most coins are falling, according to CoinStats.
  • Binance Coin (BNB) has risen by 1.08% over the last week.
  • On the hourly chart, BNB is trying to fix above the resistance of $215.2.
  • If the daily bar closes above that mark, the upward move is likely to continue to the $216-$217 zone.
  • On the bigger time frame, traders should pay attention to the bar closure near yesterday's peak.
  • A test of the resistance at $218.8 is possible within the next few days.
  • From a midterm perspective, BNB has made a false breakout of the support at $204.8.
  • If the growth continues to $220, buyers have a chance to seize the initiative.
  • This could lead to a test of the $225-$230 zone by the end of the week.
  • BNB is currently trading at $215.7.

The sentiment of the article is mostly positive, highlighting the potential upward movement of Binance Coin (BNB) and the possibility of reaching higher price levels.

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What is the current price of Binance Coin (BNB)?How much has BNB risen over the last week?What is the resistance level for BNB on the hourly chart?What is the potential price range for BNB if the growth continues?

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