Binance Coin (BNB) Price Analysis for September 19

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Bulls are try­ing to hold the gained ini­tia­tive as most of the coins are in the green zone by the end of the day.

BNB/USD

Binance Coin (BNB) could not fol­low the list of ris­ing coins, going down by 1.14%.

On the local chart, the rate of BNB is in the mid­dle of the chan­nel, gain­ing ener­gy for a fur­ther move. As most of the dai­ly ATR has been passed, there are low chances of see­ing high volatil­i­ty today. In this case, side­ways trad­ing in the area of $217-$219 is the more like­ly sce­nario until tomorrow.

On the big­ger time frame, the sit­u­a­tion is sim­i­lar, as the rate remains far from key lev­els. If buy­ers want to get back in the game, they need to restore the price above the clos­est resis­tance of $221.7. Only in that case can one expect a pos­si­ble bull run.

On the dai­ly chart against Bit­coin (BTC), Binance Coin (BNB) is look­ing bear­ish as the rate is again test­ing the sup­port lev­el of 0.007943. If the bar clos­es near it, the break­out may lead to the test of 0.007873 soon.

BNB is trad­ing at $217.9 at press time.