Binance Coin Attempts To Break Out Above Crucial Resistance

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In Brief
  • BNB has broken out from a descending resistance line but is facing resistance at $24.

  • Daily technical indicators are bullish.

  • BNB/BTC has formed significant long-term bullish divergence.

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The Binance Coin (BNB) price has broken out from a long-term resistance area. If the price successfully moves above $24, it is likely to accelerate its rate of increase. Breakout From Long-Term Resistance The BNB price had been following a descending resistance line since June 2019, when the price reached a high of $41.15. The price has been increasing since but has just reached the $24
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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