Binance Coin (BNB) Price Analysis for May 30

Please fol­low and like us:
Pin Share

Dis­claimer: The opin­ion expressed here is not invest­ment advice – it is pro­vid­ed for infor­ma­tion­al pur­pos­es only. It does not nec­es­sar­i­ly reflect the opin­ion of U.Today. Every invest­ment and all trad­ing involves risk, so you should always per­form your own research pri­or to mak­ing deci­sions. We do not rec­om­mend invest­ing mon­ey you can­not afford to lose.

Nei­ther bulls nor bears are pre­vail­ing in today’s mar­ket accord­ing to the Coin­Mar­ket­Cap rank­ing.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

BNB/USD

The price of Binance Coin (BNB) has fall­en by almost 1% since yesterday.

BNB/USD chart by TradingView

Image by Trad­ingView

On the local time­frame, the price of Binance Coin (BNB) has retraced to the sup­port lev­el of $310.9. If buy­ers can­not take the ini­tia­tive by the end of the day, the break­out may result in a fur­ther slight decline with­in the same $309-$310 zone.

BNB/USD chart by TradingView

Image by Trad­ingView

On the big­ger chart, the price of Binance Coin (BNB) keeps accu­mu­lat­ing strength. At the moment, traders should pay atten­tion to the $315 mark. If the clo­sure hap­pens near it and with no ling wicks, one can expect a price blast to $320.

BNB/BTC chart by TradingView

Image by Trad­ingView

A com­pa­ra­ble sit­u­a­tion can be seen on the dai­ly chart against Bit­coin (BTC), with nei­ther side poised for a dra­mat­ic move.

Thus, the low trad­ing vol­ume cor­rob­o­rates the con­tin­u­ing side­ways trad­ing. In this case, it is more prob­a­ble that con­sol­i­da­tion will occur in the $0.011–0.0115 range until mid-June.

BNB is trad­ing at $312 at press time.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *