Binance Coin (BNBUSD) is under negative pressure - Analysis - 01-13-2025

The price of Binance Coin (BNBUSD) has declined during its recent trading at the moment levels, so that the price exceeds the support of its simple moving average for the previous period of 50 days, which exposes it to negative pressure in its upcoming trading, to try to gain positive momentum that may help it recover and rise again, in light of the dominance of the main upward trend in the short term and its trading along the trend line, with the beginning of positive signals in the relative strength indicators, after reaching areas of severe saturation with selling operations.

Therefore, our expectations suggest that the price of the currency will return to rise during its upcoming trading, as long as the support level of $649.90 remains stable, targeting the resistance level of $794.3.

The expected direction for upcoming trading: It is likely to rise $BNB

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