Binance Coin Closed Yesterday Down -0.34%

Binance Coin Closed Yesterday Down -0.34%

The Hourly View for Binance Coin At the moment, BNB’s price is down $-0.21 (-0.09%) from the hour prior. This is the 2nd hour in a row Binance Coin has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Binance Coin’s hourly price chart is shown below.

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The Daily View for Binance Coin

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At the moment, BNB’s price is down $-0.81 (-0.34%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.   The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Divergence between BNB’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BNB’s price.

Below is a daily price chart of Binance Coin.

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