BNB Price Analysis – September 1
After the channel breakout, the Binance Coin may continue to rise.
Resistance levels: $27, $28, $29
Support levels: $21, $20, $19
BNB/USD is trading at $24.86 after confirming a daily uptrend and climbing above the 9-day and 21-day moving averages within the channel. In case the Buyers were able to push the price above the resistance level of $24 and the daily candlestick close above this level, then, the price may rally towards the previous high, resistance level of $26.
What to Expect from Binance Coin (BNB)
However, the 9-day MA is confidently trading above the 21-day MA and the coin is likewise trading above the resistance level of $25 which connotes that the Buyers are gaining upper hand in the market. The technical indicator is currently moving above 60-level, above the 75-level with the signal line pointing up to indicate a buy signal.
In case the buyers were able to push the price above the resistance level of $26 and the daily candlestick close above this level, then, the price may rally towards the previous high at $27, $28, and $29 resistance levels while the supports are located at $21, $20, and $19.
BNB/BTC Market: Bulls Look Ahead For a Crucial Resistance
Against Bitcoin, if the market continues to follow a bullish surge, BNB may swing high above the upper boundary of the channel and move towards the resistance levels of 0.00220 BTC and above.
Crossing below the 9-day and 21-day moving averages lie the support levels at 0.00182 BTC and below. On the technical indicator RSI (14), the coin is currently moving above the 60-level, a sign of bullish movement.