Binance Coin (BNB) Price Prediction for February 27 – U.Today
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All top 10 coins are in the green zone, according to CoinMarketCap.
The rate of Binance Coin (BNB) has increased by 1.07% over the last 24 hours.
On the hourly chart, the price of BNB is looking rather more bearish than bullish as the rate is near the local support level of $395.5.
If the situation does not change by the end of the day, one can expect a breakout, followed by a move to the $390 area.
On the bigger time frame, the picture is not so clear. The price has entered sideways trading after yesterday’s blast. If the bar closes far from the interim resistance level of $404.9, traders may witness a correction to the $380-$390 zone soon.
From the midterm point of view, one should pay attention to the bar’s closure in terms of the $398.3 level. If it happens above it and with no long wick, growth may continue to the $410-$430 area.
BNB is trading at $397.8 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.