Binance Coin (BNB) Price Analysis for September 9 – Crypto News – Crypto News
Connect with us
Binance Coin (BNB) Price Analysis for September 9 Binance Coin (BNB) Price Analysis for September 9


Binance Coin (BNB) Price Analysis for September 9 – Crypto News



Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bulls are trying to seize the initiative at the beginning of the weekend.

Top coins by CoinStats


The price of Binance Coin (BNB) has increased by 0.24% since yesterday.

Image by TradingView

On the hourly time frame, the rate of Binance Coin (BNB) has bounced off the local resistance at $215.4. If the drop continues, traders are likely to see a test of the support at $214.3 by the end of tomorrow.

Image by TradingView

On the daily time frame, today’s slight rise has not affected the overall technical position as the rate remains far from the main levels. The falling volume confirms that neither side has seized the initiative.

In this case, sideways trading in the area of $212-$218 is the more likely scenario for the next couple of days.

Image by TradingView

From the midterm point of view, the situation is more bearish than bullish as the rate is on the way to the support level of $204.8. If buyers lose the interim mark of $210, one can expect a sharp move to the $200 zone and below.

BNB is trading at $214.8 at press time.