What are the levels to mark in your chart? Stay till the end to uncover impactful price clues most traders miss.
BNB trades at $890 today. It is above $875 support. Discover targets now.
What are the support and resistance levels for $BNB?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $875 | 100 EMA is the 100 day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $860 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. Lower Bollinger Band is the lower deviation from the 20 day simple moving average. |
| Resistance 1 | $910 | 50 EMA is the 50 day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid term. |
| Resistance 2 | $930 | Upper Bollinger Band is the upper deviation from the 20 day simple moving average. |
FAQ
What BNB price targets should I consider for BNB?
Support at $875. Resistance near $910. Extension targets $1567.
Is BNB Bullish?
Stochastic RSI is 15. Resistance is $910. Set stops below $870.
How do I set stop-loss levels for BNB?
Place stops below $875 support. Use swing lows as reference.
What are the BNB moving averages indicating?
EMA50 is $910. EMA100 is $875. BNB trades $890. Compare values. Find the trend.
Should I buy or sell BNB?
Buyers enter near $875 or $860. Place stops below $860. Sellers exit near $910 or $930. Take profits at $1567. Manage your risk carefully.
How do Fibonacci levels affect BNB price?
Fibonacci 61.8% is $898. Fibonacci 138.2% targets $1567.
What does $BNB momentum show?
Stochastic RSI K reads 15. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
BNB shows weakness below $875. Watch $860 for breakdown. Momentum favors bears. A sell-off may follow. Be cautious. Protect capital.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. BNB and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post BNB Price at a Crossroads: Signals for the Next Move appeared first on Altcoin Buzz.