- BNB has formed a massive bull pennant
- MACD signaling a potential bearish cross
- Major support to watch is $541
BNB has been consolidating within a bull pennant for nearly 3 weeks. This pattern is nearing its end in a mere week. BNB has been catching a lot of hype recently due to BSC (Binance Smart Chain). There has been many new projects launching on this platform and have been producing mind blowing returns. This has been flooding massive interest to BNB.
BNB Price Analysis: BNBUSD 4 Hr Chart
BNB has been holding its $541 minor support for the past two days. This level is also met with the 50MA on the 4 hour chart. If these levels break down expect a retrace to minor support range of $510 which is also met with the bottom trend line of the bull pennant. This is the probable path that BNB will take.
- Cardano ($ADA) Reclaims Third Spot With 13% Price Jump, Here’s Why it Can Surge Further
- Evergrande Surges 27% Post Nationalization Rumors, Crypto Market Surge in Tandem
- Amid Strong Comeback Altcoins Add $100 Billion in 24 Hours, Ethereum (ETH) Above $3100
- Ripple, Solana Price Analysis: September 23, 2021
- Bitcoin Price Prediction: BTC Rolls Down The Runway Ahead Of Takeoff To $48,000
- QuadrigaCx Saga to be Featured as a Documentary on this Popular Streaming Service
- Gluwa Wallet and Aella Credit Collaboration Sees Over 1 Million Transactions on the Blockchain
- Canadian Securities Regulators Warn Crypto Firms of Misleading Ads. Here Are the Defined Dos and Don’ts
- Solrise Finance and Civic Technologies Launch First Permissioned DEX on Solana
- eToro Sets Eyes on Defi Market, Launches 11 Defi Assets Based Investment Portfolio