Binance Coin (BNB) Recoups Losses but Struggles with Resistance

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In Brief
  • BNB is facing resistance and support at $23.50 and $18.80.

  • BNB is likely completing a complex corrective pattern.

  • BNB/BTC looks bullish in the long-term.

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Binance Coin (BNB) has already recouped the majority of its losses from the Sept 2 decrease. However, BNB has reached an important resistance area which threatens to knock the price back down. BNB Deviation Above Range High On Sept 1, the BNB price broke out above the $23.50 resistance area to reach a high of $25.81. However, the price dropped sharply afterward, making the previous
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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