Binance Coin (BNB) Price Analysis for January 30

Binance Coin (BNB) Price Analysis for January 30

Tue, 30/01/2024 – 18:00

Binance Coin (BNB) Price Analysis for January 30
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A local rise continues on the cryptocurrency market, according to CoinStats.


BNB chart by CoinStats


The price of Binance Coin (BNB) has increased by 0.85% over the last 24 hours.

Image by TradingView

Despite today’s rise, the rate of BNB is looking bearish on the local time frame. The price has broken the support of $309.5. If the daily candle closes below it, sellers may seize the initiative, which might lead to a further drop to $305.

Image by TradingView

On the daily chart, the situation is similar. If the fall continues after a false breakout of the resistance of $311.7, traders may witness a test of the vital zone of $300 this week.

Image by TradingView

On the daily time frame against BTC, Binance Coin (BNB) has already broken the 0.007150 level. If buyers cannot change the situation shortly, one can expect a drop to the 0.0070 area.

BNB is trading at $308.8 at press time.

Published at Wed, 31 Jan 2024 05:54:00 +0100

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