Binance Coin (BNB) Struggles To Break Above $335; Here Is What To Expect

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	95,628,404,644	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

95,628,404,644

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	9.76	1.64%	605.26	605.26	605.32

Price Change

Price Change %

Current Price

Bid Price

Offer

9.76

1.64%

605.26

605.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
607.76	595.56	595.56	595.50	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

607.76

595.56

595.50

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
BINA	15:48:21	0.024000	605.26	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

15:48:21

0.024000

605.26

USD

Price x Volume	Volume	Base Symbol	Related Pairs
10,007,195.48	16,705.04	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

10,007,195.48

16,705.04

Binance Coin (BNB) Struggles To Break Above $335; Here Is What To Expect

01/11/2022 7:06pm

NEWSBTC

BNB’s price shows strength as it continues its rally, with eyes set on breaking its major resistance of $335, stopping the price from increasing. BNB could rally more as the price creates a bullish bias and holds above resistance. BNB’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). The price of Binance Coin (BNB) displayed an incredible price action as the price recaptured its key support of $270 after losing this region a few days ago. The crypto market has enjoyed a little bit of relief bounce across all most assets, with Bitcoin (BTC) and Ethereum (ETH) leading the charge as most crypto assets, including MASK, produced over 50% gains in less than 24 hours. With uncertainty in the crypto market creeping in, it is yet to be known if Binance Coin (BNB) will finally break this resistance. (Data from Binance) Related Reading: Bitcoin Mining Firm Digihost Remains Debt Free Amid Bearish Market Binance Coin (BNB) Price Analysis On The Weekly Chart The crypto market is looking increasingly welcoming as many altcoins continue producing over 150% gains over the past 7 days of breaking out of its range-bound movement. The likes of DOGE have seen some great runs rally. The past weeks were tough for the crypto space, with many altcoins struggling to hold up their key support areas. With the week looking more promising and Bitcoin (BTC) prices gaining traction, the crypto market has enjoyed a measure of relief, but this can not be said for the new month as things begin to look slightly different in terms of prices. After its weekly close of above $300, the price of BNB rallied to a high of $330; the price faced a minor rejection to break higher to a region of $325; the price struggled to break above this region. The price of SHIB has maintained its bullish structure above the $300 region as the price of BNB eyes a rally to a region of $335, acting as resistance for the price of BNB to rally to higher heights. Weekly resistance for the price of BNB – $335. Weekly support for the price of BNB – $300. Price Analysis Of BNB On The Daily (1D) Chart In the daily timeframe, the price of BNB continued to look strong as the price held above its range channel, forming strong support to hold off the price from sellers. BNB currently trades at $324, just above its key support formed at $300 on the daily timeframe after a successful breakout from a range channel with good volume as the price rallied to a high of $335, where it got rejected from trending higher to a region of $400. If BNB fails to break and close above $335, we could see the price retraced to $300-$270, acting as good support for prices, but if the price breaks past $335, we would expect a rally to a high of $400-$450. Daily resistance for the BNB price – $335. Daily support for the BNB price – $300-$270. Related Reading: Shiba Inu (SHIB) Plays Catchup With DOGE; Will Bulls Push For $0.00002? Featured Image From zipmex, Charts From Tradingview

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BNBUSD Binance Coin