BINANCE COIN PRICE ANALYSIS: BNB coin price Is trading at an important price level, will it bounce back or fall further?

• The BNB coin price is bullish despite the recent fall in a daily time frame.
• In a 4-hour time frame, the BNB coin price is trading in a very narrow range.
• The pair of BNB/BTC is trading at the price level of 0.01396 with an increase of 1.25% in the past 24 hours.

The BNB coin price, as per the price action, is bullish as it trades in an upwards parallel channel. Despite the recent bearishness in the price of the BNB coin price, it has successfully sustained above the demand zone. The coin price is forming higher high and higher Leo price structure on a daily time frame. The BNB coin price is showing a bullish signal as it bounces off the demand zone forming a strong bullish candlestick pattern. During the recent fall in the price of the BNB coin, it broke the short-term term demand zone with a strong bearish candlestick pattern. The BNB coin price is trading below the important moving average of 50 and 100. Recent bearish pressure in the BNB coin price elf to break down these Moving Averages. The BNB coin price has also broken down the 14 SMA. Moving upwards the BNB coin price can be seen facing strong rejection from these MAs. At present, the BNB coin price is transacting at the lower band of the Bollinger band after falling from the upper band. Volumes have been normal as the coin price consolidates. 

The BNB coin price is trading in a very small range on a 4-hour time frame

Moving Average Convergence Divergence: As the BNB coin price tries to bounce off the demand zone while consolidating, the MACD indicator has given a positive crossover. The blue line crossed the orange line on the upside as the coin price consolidated. Once the coin price starts moving up breaking the small range, the MACD line can be seen widening sporting the trend. Until then investors should wait for a breakout of a small range

• The BNB coin price is bullish despite the recent fall in a daily time frame.
• In a 4-hour time frame, the BNB coin price is trading in a very narrow range.
• The pair of BNB/BTC is trading at the price level of 0.01396 with an increase of 1.25% in the past 24 hours.

The BNB coin price, as per the price action, is bullish as it trades in an upwards parallel channel. Despite the recent bearishness in the price of the BNB coin price, it has successfully sustained above the demand zone. The coin price is forming higher high and higher Leo price structure on a daily time frame. The BNB coin price is showing a bullish signal as it bounces off the demand zone forming a strong bullish candlestick pattern. During the recent fall in the price of the BNB coin, it broke the short-term term demand zone with a strong bearish candlestick pattern. The BNB coin price is trading below the important moving average of 50 and 100. Recent bearish pressure in the BNB coin price elf to break down these Moving Averages. The BNB coin price has also broken down the 14 SMA. Moving upwards the BNB coin price can be seen facing strong rejection from these MAs. At present, the BNB coin price is transacting at the lower band of the Bollinger band after falling from the upper band. Volumes have been normal as the coin price consolidates. 

The BNB coin price is trading in a very small range on a 4-hour time frame

Moving Average Convergence Divergence: As the BNB coin price tries to bounce off the demand zone while consolidating, the MACD indicator has given a positive crossover. The blue line crossed the orange line on the upside as the coin price consolidated. Once the coin price starts moving up breaking the small range, the MACD line can be seen widening sporting the trend. Until then investors should wait for a breakout of a small range

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