CandleFocus BNB Reaches Bullish Exhaustion When It Moves Below $620
2024-09-29
Author: Content Editor
The price of Binance Coin (BNB) has been fluctuating and recently reached a high of $619. A retracement tested the 61.8% Fibonacci retracement line, suggesting that BNB may rise to $619.50. However, the bullish momentum has stalled below $620, and if the altcoin falls from its recent highs, it could decline further. BNB has remained above the moving average lines since a price spike on September 12th. The 4-hour chart shows an interrupted uptrend, but if the 21-day SMA support holds, the uptrend may resume. The current trading range is between $580 and $620, and price action remains stagnant.
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