Binance Coin (BNB) continues to fluctuate, a decline of 2.53% reported within the last 24-hours. Analyzing the hourly time frame on BNB, it is determined that there was a false breakout of the resistance level at $321.3, which potentially could lead to a decline to $314-$316 soon. Those trading BNB are advised to pay attention to the critical area of $300. This may be a deciding factor of whether it is ready to grow. Recent behaviors lead many to believe that during the remaining weeks of April, it will be confined to the area of $300-$340, without any major shifts. Presently, Binance Coin (BNB) is being exchanged for $319.4.

The overall view from a technical standpoint on Binance Coin (BNB) is unwavering. Bears may be the dominant force for today but that is not reflected long-term. Bulls are still in control and have been for a while. This means that there are opportunities, especially when the area of $300 is maintained. It important to note that future movement of BNB right now is uncertain, foreseeable options being sideways trading, minor advances or retreats. In either case, it is not likely to break out of the narrow range of $300-$340 in the immediate future. Traders will want to keep a close eye concerning their positions.



Other News from Today