CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2024-12-18 17:49:04

BINANCE COIN PRICE ANALYSIS & PREDICTION (December 18) – BNB Slowly Resumes Bullish, Prepares For A Huge Price Move

After witnessing a sharp nosedive last week, BNB found solid ground and resumed buying. Although the pressure is currently low on the daily chart. It is slowly gearing up for another upward movement. Last week was a bit rough in the entire crypto space as several altcoins, including BNB, lost momentum after almost testing the $800 level. The price crashed but managed to hold above the $640 level. It recovered and slowly climbed back after holding the price level as support. However, BNB’s next move has been indecisive in the past week as the price traded calmly at around $710 after recovering well from last week’s crash. Painting a greenish scenario today following a 3% surge in the past hours, trading turned out positive as the price increased to a daily high of $737. The bulls appeared to have gained more control as volume enhanced on the intraday trading. A continuous increase in the buying volume could stir up a big surge in the coming days, although the $794 level is likely to pose a little threat on the way up. Looking at the volatility contraction on the weekly chart, the price may reach $1k by the end of the bull run. As of now, there are no signs of bears in the market. The bulls are taking charge at the moment. BNB Key Level To Watch Source: Tradingview The $761 level is the closest resistance to watch on the way up. A surge above it could bring a full recovery back to the recent top of $793.4. It may face key resistance at $800 in case of a breakup. The higher level for an increase is $900. Currently, the market is supported by $687 and $642. If these mentioned price level loses grip daily, the next key level to consider for drops is $600. Key Resistance Levels: $761, $793.8, $800 Key Support Levels: $687.7, $642, $600 Spot Price: $726.7 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: moxumbic / 123RF // Image Effects by Colorcinch

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta