Binance Coin (BNB) Prediction for September 6

09/06/2024 22:15
Binance Coin (BNB) Prediction for September 6

Has rate of Binance Coin (BNB) touched reversal zone by now?

Original U.Today article

Binance Coin (BNB) Prediction for September 6

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bulls are trying to restore their lost positions, according to CoinMarketCap.

Article image
Top coins by CoinMarketCap

BNB/USD

The price of Binance Coin (BNB) has risen by 0.84% over the last 24 hours.

Article image
Image by TradingView

On the hourly chart, the rate of BNB has broken the local resistance of $508.10. If buyers can hold the gained initiative and the daily bar closes above that mark, the upward move is likely to continue tomorrow.

Article image
Image by TradingView

On the daily time frame, the picture is bearish. The price is testing the support of $495.80. If it breaks out, traders may witness a sharp drop to the $470-$480 range soon.

Article image
Image by TradingView

From the midterm point of view, there are no reversal signals yet.

Related

Bitcoin (BTC) Prediction for September 5

If the weekly bar closes around the current prices, or below them, there is a chance to see a test of the support level of $454.80 within the next few days.

BNB is trading at $499.60 at press time.

About the author

article image

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

Related articles

Advertisement

TopCryptoNewsinYourMailbox

TopCryptoNewsinYourMailbox

Read more --->