CandleFocus Binance Coin (BNB) Price Prediction for September 29
2024-09-29
Author: Content Editor
The Binance Coin (BNB) has experienced a slight decline of 0.87% since yesterday, but has still seen a 2.86% increase in price over the past week. The price of BNB is currently nearing a local support level of $593.1 on the hourly chart, and if it continues to drop, there may be a breakout leading to a move towards the $590 zone. However, on a larger time frame, the overall trend remains bearish, and in order for buyers to regain control, they will need to push the rate back up to the resistance level of $616. Looking at the midterm perspective, BNB recently made a false breakout of the $612.6 resistance, and if the weekly candle closes far away from it, there is a possibility of a correction towards the $580 range in the coming week. As of now, BNB is being traded at $596.5.
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