Binance Coin Price Analysis: BNB Follows Bitcoin’s Downturn Despite 7-Days Recovery, Charts 3% Daily Loss

Even though the price climbed above this resistance line, Binance Coin would still need to push above the previous rejection level of $16 before confirming a further move to $16.7. On the other hand, a bullish action can be expected if the price recovers, especially above the grey horizontal lines, which is likely to set a reversal on the 4-hours chart.

But if the grey demand area can suppress selling actions, to form a W pattern, a new increase could send price straight to 0.0018 BTC in the coming days, after surpassing the 0.00173 BTC, 0.001744 BTC and 0.0001754 BTC levels simultaneously. However, if the price slips below the 0.00166 BTC level, 0.0015 BTC and 0.0014 BTC are likely to hold as new support for the market.

Timeline of Binance-coin, Bitcoin