Binance Coin Price prediction – The Next BNB Price ? Should I Buy BNB -Binance Technical Outlook

Binance Coin BNB Bursts Higher As Buyers Return Now BNB Price Live Data 14 june 2021
The live Binance Coin price today is $359.02 USD with a 24-hour trading volume of $2,289,100,705
USD. Binance Coin is up 6.06% in the last 24 hours. The current CoinMarketCap ranking is #4, with
a live market cap of $55,085,103,221 USD. The Binance Coin price has surged 7%, buoyed
by Bitcoins impressive rally. Can this newly found optimism carry BNB to
$400 and beyond? Binance Coin is last trading at $362.70, +$22.18
(+6.45%) Just yesterday, BNB looked in danger of breaking
down. General weakness in the cryptocurrency market
had dragged the coin lower to key trend line support. However, this morning, the Binance Coin price
has not just stabilized but roared higher and out of its recent downtrend. The fourth-largest crypto asset has a market
cap of around $56 billion, up almost $5 billion from yesterday’s low.

What Changed? The whole market has been boosted after Elon
Musk revealed that Tesla has held on to 90% of their Bitcoin position. Furthermore, he explained that the EV maker
would accept BTC payments again if Bitcoin miners showed environmental improvements. BNB Technical Outlook
The 4-hour chart shows that the Binance coin price held above the support of the rising
trend line on yesterday’s dip. This morning’s recovery not only took the
price clear of support but also forced BNB out of its recent bearish trading range. I have highlighted four areas that I believe
will act as resistance. The first is $365, and subsequently, the price
failed the initial clearance attempt. Second, in line, is the 9th of June high at
$379.00.

If BNB clears $379.00, the momentum should
be enough to take it to $407.00. Ultimately, the 3rd of June high at $433 would
be the last resistance level ahead of $500. The ascending trend line below the market
at $330 is the first major area of support. On that basis, a break below this level would
cancel the bullish outlook. subscribe channel affiliate cambodia thank you!.

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