Binance Coin (BNBUSD) Price: Bullish Trend Continues After a Pullback  

Bulls are dominating BNBUSD market

BNBUSD Price Analysis 14 July

The $276.5 resistance level can be broken higher, testing the $286.4 and $300.7 resistance levels, if buyers can withstand the $253.8 support level. Binance Coin may drop to its most recent lows of $240.2 and $219.5 if sellers gather further strength before closing below the crucial $253.8 barrier.

BNB/USD Market

Key levels:

Supply levels: $276.5, $286.4, $300.7

Demand levels: $253.8, $240.2, $219.5

BNBUSD Long-term Trend: Bullish

BNBUSD is Positive on the daily chart. The price movement of the Binance Coin has resulted in a double-bottom chart pattern. A bullish reversal chart pattern was made at the $219.5 support level. When Binance Coin tested the previously mentioned level twice on June 12 and June 28, a bullish trend began. Buyers enter as soon as the bulls exert more pressure. Price pulled back last week after testing the $253.8 mark before the upward trend begins.

A bullish movement is indicated when the 9-period EMA crosses the 21-period EMA upward. The price of the Binance Coin is trying to outperform the two EMAs. The $276.5 resistance level can be broken higher, testing the $286.4 and $300.7 resistance levels, if buyers can withstand the $253.8 support level. Binance Coin may drop to its most recent lows of $240.2 and $219.5 if sellers gather further strength before closing below the crucial $253.8 barrier.

BNBUSD medium-term Trend: Bullish

On the four-hour chart, the price of Binance Coin is rising. At a price of $219.5 on June 12, the double bottom chart pattern initially appeared, signaling that buyers are about to take control of the market. The sellers’ enthusiasm decreased after the forced price test at the $253.8 barrier level. Price began to rise facing the $276.5 level.

Indicating an upturn market, Binance Coin is currently trading above the 9- and 21-period exponential moving averages. A buy is implied when the relative strength index period 14 signal line at 76 levels is pointing up.

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