CryptoGold2025
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Bullish
Binance Coin (BNBUSD) Consolidates Its Gains – Analysis – 12-31-2024
The price of Binance Coin (BNBUSD) advanced during its recent trading at the moment levels, amid the continuation of positive support due to its trading above its previous 50-day simple moving average, and under the control of the main upward trend in the short term and its trading along a trend line, as we notice the occurrence of positive signals in the relative strength indicators, despite reaching areas of severe saturation with buying operations.
Therefore, we expect further rise in the price of the currency during its upcoming trading, as long as the support level of $650.00 remains stable, targeting the resistance level of $794.30.
The expected direction for the upcoming trading: Upward $BNB
The price of Binance Coin (BNBUSD) advanced during its recent trading at the moment levels, amid the continuation of positive support due to its trading above its previous 50-day simple moving average, and under the control of the main upward trend in the short term and its trading along a trend line, as we notice the occurrence of positive signals in the relative strength indicators, despite reaching areas of severe saturation with buying operations.
Therefore, we expect further rise in the price of the currency during its upcoming trading, as long as the support level of $650.00 remains stable, targeting the resistance level of $794.30.
The expected direction for the upcoming trading: Upward $BNB
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