Tianchang;Disaster recovery failureThe price analysis of Coin An Coin shows that the lateral movement is less than $315The recent support level is at $308BNB faces resistance at $315The price analysis of Coin An Coin shows that the BNB price trend has gained support at the 308 US dollar level, and the upward trend is expected to push the price back to the 315 US dollar level. However, due to bulls facing rejection at the $315 level, the price trend still faces strong bearish pressure as of the time of publication
Tianchang;Disaster recovery failure
- The price analysis of Coin An Coin shows that the lateral movement is less than $315
- The recent support level is at $308
- BNB faces resistance at $315
The price analysis of Coin An Coin shows that the BNB price trend has gained support at the 308 US dollar level, and the upward trend is expected to push the price back to the 315 US dollar level. However, due to bulls facing rejection at the $315 level, the price trend still faces strong bearish pressure as of the time of publication.
In the past 24 hours, the broader cryptocurrency market has observed bullish market sentiment, as most major cryptocurrencies have recorded positive price movements. The main participants included ICP and DOT, which showed slopes of 3.26% and 2.80%, respectively.
Price analysis of Coin An Coin: BNB rejected for $315.00
As shown in the green histogram, MACD is currently bullish. However, this indicator showed a relatively low bullish trend at the time of publication, as shown by the height of the histogram. In addition, as prices encounter resistance at the $315 level, the lighter shadow of this indicator indicates a weakening of bullish momentum.
Due to the low net price fluctuations over the past ten days, the trading price of EMA is close to the average. At present, EMAs are close to each other and show a bearish upward trend when publishing. In addition, the convergence of EMA indicates that the upward trend is slowly weakening.
RSI briefly entered the oversold area, but quickly rebounded as the price broke through the $310 mark. As of the time of publication, the indicator was trading near the mean line of the 52.60 index level, as prices indicate a slight bullish trend, while the downward slope indicates an increase in bearish pressure on the current price level.
The Bollinger band is currently narrowing due to low volatility observed in short-term charts. However, as the price drops from the $315.0 mark, there will be convergence across all bands. As of the time of publication, the band lower limit provides support at the $308.2 level, while the upper limit provides resistance at the $316.7 level.
BNB/USDT Technical Analysis
Overall, the 4-hour coin and coin price analysis sent a buy signal at the time of publication, with 11 indicators supporting bulls. On the other hand, only six indicators support bearish positions, indicating the existence of low bearish positions. At the same time, the nine indicators are in a wait-and-see state and do not support any side of the market.
The 24-hour price analysis of Coincoin does not agree with this sentiment, but instead sends a sell signal, with 12 indicators supporting short positions and only 4 indicators supporting long positions. Analysis shows that at the current price level, the medium-term chart holds a dominant bearish position, with a lower bullish outlook. Meanwhile, the remaining ten indicators remained neutral and no signals were sent as of the time of publication.
What are your expectations for analyzing the price of Coin An Coin?
The price analysis of CoinCoin shows that the Coin market is currently in a bearish rebound, as the price trend has been observed dropping from the $348 mark to the $302 price level. However, bulls have rebounded and prices have rebounded to the $313 level.
Traders should expect BNB to observe the lateral movement of the current price level before the price trend continues to decline. The drift between the short-term and medium-term charts that indicate both bullish and bearish trends reinforces this suggestion. Currently, prices are expected to rise to $310 before finding strong support.
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