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Binance Coin (BNB) Price Analysis for September 17

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Binance Coin (BNB) Price Analysis for September 17

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The rates of most coins keep falling, according to CoinStats.

Top coins by CoinStats

BNB/USD

The price of Binance Coin (BNB) has risen by 1.08% over the last week.

Image by TradingView

On the hourly chart, the rate of BNB is trying to fix above the resistance of $215.2. If the daily bar closes above that mark, the upward move is likely to continue to the $216-$217 zone.

Image by TradingView

On the bigger time frame, traders should also pay attention to the bar closure. If it happens near yesterday’s peak, a test of the resistance at $218.8 is possible within the next few days.

Image by TradingView

From the midterm point of view, the price of BNB has once again made a false breakout of the support at $204.8. 

If the growth continues to $220, buyers have a chance to seize the initiative, which could lead to a test of the $225-$230 zone by the end of the week.

BNB is trading at $215.7 at press time.

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About the author

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].

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