BNB Reacts to the Old Zone as the Future Looks Positive

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BNB reacts to the old zone as the future looks positive for the digital asset. The crypto price has made a withdrawal back to the $319.00 key level following its buying spree. In the last 24 hours, the digital asset has made about a 2.03% decline based on the coinmarketcap report.

The BNB has been showing signs of recovery after a long drought of struggle with the market bears in the crypto ecosystem.
However, the beginning of the third quarter estimation predicts a crucial development in crypto trading pools and the DeFi system. A strong positive sentiment is closely observed despite the current negative market sentiment, which makes the coin consolidate back at the $319.00 key zone.

BNB Key Levels To Watch – November 3

Following a breakout close to the $261.50 key zone, the buying liquidity exposure breaks the price at the $319.00 key zone. The bulls are still targeting an increase in volume of trade as the parabolic SAR (stop and reverse) traders remain positive in the market.

BNB Reacts to the Old Zone as the Future Looks Positive

The MACD (moving average convergence and divergence) indicator is still trending higher and hasn’t reached its climax. It shows that there is still room for more buying.

The price is currently retracing back to the $319.00 key zone. Traders should anticipate a buy-up tendency in the market in the coming days. The anticipated bullish influx is expected to push prices higher.

BNB Key Levels

Resistance Levels: $513.90 $319.00
Support Levels: $261.50, $195.90

Total Market Capitalization: $63B
BNB Market Capitalization:$51B
BNB Volume: $14B
Market Rank: #4

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.