BNB Gets Support at $300 and Looks to Take on $360

According to CoinMarketCap, the price of Binance Coin (BNB) went up by 1.63% in the last 24 hours, bringing it to $333.96. The price of BNB has also gone up over the past week, by 11.18%.

The price of BNB is very close to its high of $336.67 in the last 24 hours, and its low is around $313.55. Its price has also gone up by 0.80% compared to Ethereum (ETH). At the time of writing (7:15 AM GMT+2), however, BNB has lost about 0.84% of its value against Bitcoin (BTC). BNB is worth about 0.01111 BTC and 0.1667 ETH right now.

BNB’s market cap is currently $54,487,339,659. It is ranked number 4 on CoinMarketCap’s list of the biggest cryptocurrency projects by market cap. The number of BNB trades that happen every day has gone down by 12.59 percent in the last day. This brings the total trading volume for a 24-hour period to $2,044,051,118.

The BNB/USDT weekly chart shows that the outlook for Binance Coin is becoming more bullish. The RSI line is getting close to the RSI SMA line right now. If the RSI crosses above the RSI SMA, we can be sure that Binance will keep going up for the next two weeks.

But BNB’s price is getting close to the 8 EMA. This line could act as a level of resistance. If the price moves above the 8 EMA, the 20 EMA will be the next target. The RSI may only cross above the RSI SMA at that point.

At the moment, $300 is a support level for BNB’s price, while $400 is a resistance level.

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