BNB/USD May Likely Hit $450 High – Cryptovibes.com – Daily Cryptocurrency and FX News
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Binance Coin Price Analysis – April 15
The Binance Coin moves to cross above the moving averages as the coin benefits from the increased buying pressure.
BNB/USD Market
Key Levels:
Resistance levels: $475, $495, $515
Support levels: $360, $340, $320
BNB/USD is trading near the 9-day moving average to hit the resistance level of $450. The coin may continue to rise if the price crosses above the upper boundary of the channel. Meanwhile, Binance Coin could end this week on a better note, as the price could be above the upper boundary of the channel. Meanwhile, the current performance of the Binance Coin is gradual and may inspire move bullish movement.
Binance Coin Price Analysis: BNB Price Ready for The Upside
At the time of writing, the Binance Coin faces the upside as the coin moves to cross into the positive side. However, the technical indicator Relative Strength Index (14) keeps moving around the 50-level, there is a higher probability that BNB may find resistance at $475, $495, and $45159, but heading toward the lower boundary of the channel may locate the support levels at $360, $340, and $320 respectively.
BNB/BTC Market: Price Remains at the Upside
Against Bitcoin, BNB continues to follow the upward trend but the bulls failed to push the coin above the upper boundary of the channel today. However, the Binance Coin price is still above the 9-day and 21-day moving averages, the 1050 SAT could provide an additional resistance level for the next buying pressure as the Relative Strength Index (14) nosedives to the downside.
After touching the resistance level of 1041 SAT, BNB/BTC price drops and faces the lower boundary of the channel. Now, traders may continue to retreat and could touch the nearest support level of 9800 SAT and below. However, if the current level can act as a solid line of defense against any further downtrend; the resistance level of 1100 SAT and above may come into play.
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