Connect with us

Bitcoin News

BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – June 2



Binance Coin (BNB) Up $300 Million in 5 Days, Path to $26?

Binance Coin (BNB) Up $300 Million in 5 Days, Path to $26?

  • The bulls sustained momentum in the long-term outlook.
  • $44.00 in the supply area is on the card.

BNB/USD Long-term Trend: Bullish

Supply zone: $50.00, $70.00, 90.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD is in the bullish trend in its long-term outlook. The bullish momentum was briefly lost on 26th May after a steady increase in price to $38.64 in the supply area. The drop in price to $29.83 in the demand area was initiated by the bearish spinning top.

$29.64 in the demand area was the low of the week at the lowerline of the channel as the candle closed with a wick an indication of exhaustion.

A bounce to the upside is most expected. The confirmation with the bullish hammer closing above the 10-EMA was most suitable on 31st May. Increased bullish momentum the candle pushed price back up to $34.67 in the supply area.

$44.00 in the upper line of the channel is the bulls’ initial target in the long-term.

The views and opinion as expressed here do not reflect that of and do not constitute financial advice. Always do your own research

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Recent Posts

Copyright © 2021