Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Neither bulls nor bears are prevailing in today’s market according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
BNB/USD
The price of Binance Coin (BNB) has fallen by almost 1% since yesterday.
Image by TradingView
On the local timeframe, the price of Binance Coin (BNB) has retraced to the support level of $310.9. If buyers cannot take the initiative by the end of the day, the breakout may result in a further slight decline within the same $309-$310 zone.
Image by TradingView
On the bigger chart, the price of Binance Coin (BNB) keeps accumulating strength. At the moment, traders should pay attention to the $315 mark. If the closure happens near it and with no ling wicks, one can expect a price blast to $320.
Image by TradingView
A comparable situation can be seen on the daily chart against Bitcoin (BTC), with neither side poised for a dramatic move.
Thus, the low trading volume corroborates the continuing sideways trading. In this case, it is more probable that consolidation will occur in the $0.011-0.0115 range until mid-June.
BNB is trading at $312 at press time.
Source: https://u.today/binance-coin-bnb-price-analysis-for-may-30