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#Binance price free
FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. On the other hand, traders should be looking for price action below $290, which might trigger a sell-off to $285 and possibly to $255. Often such movements come before a big breakout – with Binance Coin’s positive narrative intact, the path with the least resistance could remain to the upside. Spikes in this metric point to growing volatility amid a hike in investor speculation. Ideally, it multiplies the number of BNB tokens changing addresses daily with the number of days since they last moved. The Age Consumed metric tracks the movement of previously idle tokens. Previously dormant BNB tokens on the move – but what does this mean for the price?Ī significant amount of previously dormant BNB tokens is on the move, according to on-chain data from Santiment. Long traders looking to take short-term profits should consider exiting at $300, while the most optimistic could hold on till the $320 level or even $337 is tagged. Meanwhile, a 12-hour to a daily close above BNB’s immediate support at $290 could prompt a sharp move past $300. Binance Coin price will keep trending to the upside as long as it sits above the cloud see the chart above.

Traders can use this technical index to gauge future price momentum by identifying potential support and resistance areas. The Ichimoku Cloud indicator applied to the same chart foreshadows a continued uptrend. A break above a crucial multi-month trend line cemented the bulls’ influence, propelling Binance Coin price to $298 for the first time since September 12. As the index crossed into the positive region (above the mean line), sidelined investors returned, hoping to see BNB brush shoulders with $300. The MACD (Moving Average Convergence Divergence) on the 12-hour chart confirms the momentum behind Binance Coin price. Binance Coin price bullish swing elicits optimistic speculation If buyers guard BNB’s higher support area at $290, the gap to $300 and even $320 could be closed quickly. The native exchange token, BNB, rebounded from support it defended at $255 in September – a move that saw it step above a critical falling trend line. Low network activity could snuff out BNB’s bullish spark, risking another correction to $285 and $255, respectively.īinance Coin price is gradually flipping its narrative, intending to close the week above $300.Binance Coin price sits on top of the Ichimoku Cloud amid rising investor speculation.Bulls have eyes on $320 and $337 levels, but first, they must overcome resistance at $300.
