Binance Coin (BNB) Price Analysis for September 17


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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