Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. BNB could oscillate in a range in the next few hours/days. Short-term holders saw a sharp decline in profits after Tuesday’s sudden drop. Bitcoin [BTC] dropped from $23k to below $22.5k on Tuesday, pulling […]
Binance Coin’s [BNB] Price PredictionHowever, bulls found steady support of around $297 and launched a price recovery. At press time, BNB’s value was $303.6o and could oscillate in the range below for the next few hours/days.On the three-hour chart, the Relative Strength Index rebounded from the 40 level and showed that buying pressure increased after dropping to the 40-mark.
Therefore, BNB could oscillate between the demand zone and $310 in the next couple of hours. BNB has traded within this range since 21 January, only to witness a false breakout on 24 January. A retest of the $319 could also be likely if BTC reclaims the $23k zone.
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