Binance Cash Price Prediction – BNB Heads South to Target $339
- The BNB/USD coin is trading with a strong bearish bias, having plunged to 363, from the 400 level
- According to the crypto intelligence firm, Santiment, there is a likelihood that the prices of Binance Coin, Axie Infinity and Monero will skyrocket in the upcoming days
- Most digital assets have reached their lowest levels in one year, given the negative momentum surrounding the whole market
The BNB/USD closed at $384.90, after achieving a high of $388.0, and a low of $357.80. The BNB/USD pair reversed its course on Tuesday and turned green for the day, as the market sentiment started to recover a bit. The whole market mood has been negative for the past few weeks, and cryptocurrencies have been experiencing a major sell-off.
Binance Cash (BNB/USD) – A Technical Outlook
The BNB/USD coin is trading with a strong bearish bias, having plunged from the 400 level to 363. On the 4-hour timeframe, the BNB/USD has completed a 50% correction, and the formation of candles under this level is driving a downtrend in the BNB/USD.
Daily Technical Levels
Support Resistance
365.80 396.00
346.70 407.10
335.60 426.20
Pivot Point: 376.90On the support side, BNB/USD may find immediate support at 339, and a break below this could open up further room for selling, until 310. On the other side, immediate resistance for Binance Cash remains at 400, and a break above this would open up further room for buying until 426. Good…
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