After a rally to create an all-time high, the price of Binance Coin (BNB) has been in a consolidation zone. During this consolidation, BNB’s price has managed to form a bullish triangle flag above the 100-day Simple Moving Average (SMA) in the 1-day timeframe.
Currently, the price of Binance coin is moving between the $647 resistance level and the $498 support level building momentum for a bullish breakout with a total capitalization of $89,412,113,586, which is about 1.70% up in the last 24 hours, and a trading volume of $1,535,069,940, over 37% down in the last 24 hours. At the time of writing, BNB’s price was trading around $604 above the 100-day simple moving average, about 0.65% up in the last 24 hours.
BNB Technical Analysis Using Key Indicators
Technically looking at the digital asset’s price chart in the 1-day timeframe, it can observed that the price is trading above the 100-day moving average. This could be an indication that BNB might move upward, therefor
We współpracy z: https://bitcoinist.com/bnb-forms-bullish-flag-pattern-on-1-day-chart/
