Binance Coin (BNBUSD) is trying to gain positive momentum - Analysis - 09-12-2024
The price of Binance Coin (BNBUSD) has declined during its recent trading at the moment levels, as the price is trying to gain positive momentum that may help it recover and rise again, while at the same time trying to drain some of its clear buying saturation with the relative strength indicators, especially with the beginning of the emergence of negative signals from them, in light of the dominance of the upward trend and its trading along a minor trend line in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period.
Therefore, our expectations suggest that the price of the currency will return to rise during its upcoming trading, especially in the event of confirming its breach of the pivotal resistance of $724.20, targeting the resistance level of $923.5.
The expected direction for the upcoming trading: Likely to rise $BNB
