Binance Coin(BNB): Looks Bullish But Is It?

Binance coin is looking strong, but for how long?

We are seeing a nice growth happening where price has drifted far away from EMAs (100 and 200), which is indicating a potential reversal to happen, but when it is hard to know,.

As of now, we might see some further smaller growth here, but in total, we are looking for a re-test to happen in that supportive zone, which will be the next major zone to determine further movement.

Swallow Team

Comment:

While markets are pushing, BNB is showing very little movement yet has broken that weak zone as of now.

We are monitoring the coin and, as of now, seeing early signs of weakness. We are waiting for sellers to secure at least that line there, which could start the movement towards EMAs

Comment:

While we wait for some re-testing to happen, the price is giving some last-time pushes here, which do not seem so strong to us. We wait!