Technical Analysis for BNBUSD for 31st August 2022
BNB Coin is under pressure, Buyers Find support at $275
Past Performance of Binance Coin
BNB, like other crypto assets, wasn't spared. The coin is down five percent in the past trading week but is stable on the last trading day. BNB remains in a bear breakout formation even though bulls are not overstretched compared to other coins.
Binance Coin Technical Analysis
What to Expect from BNB
The Binance ecosystem is vibrant and designed to support BNB. However, bears have the upper hand if prices are trapped below $300. Only gains reversing losses of August 19 may inspire bulls, pumping the coin towards August 2022 highs.
Resistance level to watch: $310
Support level to watch: $275
Disclaimer: Opinions expressed are not investment advice. Do your research.
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