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

 Bulls will soon dominate BNBUSD market

BNBUSD Price Analysis 30 June

In case buyers can resist the $219 support level, the $239 resistance level can be broken upward, testing the $253 and $276 resistance levels. If sellers gain more momentum before closing below the critical $219 barrier, Binance Coin may decline to its most recent lows of $209 and $187.

BNB/USD Market

Key levels:

Supply levels: $239, $253, $276

Demand levels: $219, $209, $187

BNBUSD Long-term Trend: Bullish

On the daily chart, BNBUSD is Positive. A double bottom chart pattern has been created by the price movement of the Binance Coin. At the $219 support level, a bullish reversal chart pattern was created. A bullish trend may have started when Binance Coin tested the previously indicated level twice on June 12 and June 28. As soon as the bulls increase their pressure, buyers can jump in. Last week, the price tested $253 level and currently pulling back before the bullish trend continues.

The upward crossover of the 21-period EMA by the 9-period EMA denotes a bullish swing. The Binance Coin price is attempting to outperform the two EMAs. If buyers can resist the $219 support level, the $239 resistance level can be broken upward, testing the $253 and $276 resistance levels. If sellers gain more momentum before closing below the critical $219 barrier, Binance Coin may decline to its most recent lows of $209 and $187.

BNBUSD medium-term Trend: Bullish

On the four-hour chart, the price of Binance Coin is rising. The double bottom chart pattern first showed on June 12 at a price of $219, indicating that buyers are poised to seize control of the market. Following the forced price test at the $253 barrier level, the sellers’ appetite waned. The price gradually rose and tested the $253 level. However, a price retracement is ongoing.

Binance Coin is currently trading below the 9- and 21-period exponential moving averages, indicating a pullback market. When the signal line at 36 levels is pointing up on the relative strength index period 14, a buy is implied.

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