Binance Coin price is edging closer to a key support level at $221, which has held its own since February 2021. A breakdown of this critical barrier w
As BNB slips below the $221 support level that has held for more than two years, the probability of a further decline increases.
would be a major development for BNB and would paint a picture of the buyers’ outlook. In such a case, investors can expect steep correction to subsequent support floors.Binance Coin price action puts investors in a precarious position In such a case, if BNB overcomes the $356 hurdle and flips into a support floor, it would not only also produce a higher high but also signal a breakout from the consolidative structure. Cryptos feed
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AboutAbout Binance.com - Find out more about Binance and the Binance Ecosystem today!
Read more »
Meme coin market roundup: Shiba Inu price slides, while Sonik Coin launches presaleIn this article, we look at the top memecoin news stories making headlines - including one new memecoin that has now raised over $24.5 million in investor funding
Read more »
Coinbase Global Stock Forecast: COIN has traded lower in six straight sessionsCoinbase Global (COIN) stock has now traded lower in six straight sessions as of Wednesday. The crypto exchange and platform business announced Wedne
Read more »
Ethereum Price Forecast: Indication of a 45% crash of bear trap?Ethereum price action is at an interesting point, which could trigger a steep move in either direction. With Bitcoin’s boring consolidation, crypto tr
Read more »
Silver Price Forecast: XAG/USD continues lackluster performance around $22.50 ahead of FOMC minutesSilver price (XAG/USD) remains sideways around $22.50 in the early New York session ahead of the release of the Federal Open Market Committee (FOMC) m
Read more »
EUR/USD Price Forecast: Euro Under Pressure on Stout US Economic DataThe euro remains above the 1.09 handle against the USD but could breach below as US fundamental data continues to reflect a robust economy.
Read more »