Introducing the weekly chart of Binance Coin for our dear community!
In 2018, the price of BNB found strong support at the $8 level, resulting in a sideways movement throughout the year. Similarly, we are currently witnessing a significant support level at $220, accompanied by a similar pattern and movement reminiscent of 2018.
Based on this observation, our analysis suggests a potential drop in price towards the range of $115-120, aligned with the rising support line visible on the chart.
However, the future movement of BNB remains uncertain. It is worth noting that historical performance shows that BNB has not only reached its previous all-time high (ATH), but has also broken it, setting a new ATH in May 2021. This suggests the possibility of further price advancements.
Stay tuned for further updates on our analysis of BNB. Thank you for your attention.
In 2018, the price of BNB found strong support at the $8 level, resulting in a sideways movement throughout the year. Similarly, we are currently witnessing a significant support level at $220, accompanied by a similar pattern and movement reminiscent of 2018.
Based on this observation, our analysis suggests a potential drop in price towards the range of $115-120, aligned with the rising support line visible on the chart.
However, the future movement of BNB remains uncertain. It is worth noting that historical performance shows that BNB has not only reached its previous all-time high (ATH), but has also broken it, setting a new ATH in May 2021. This suggests the possibility of further price advancements.
Stay tuned for further updates on our analysis of BNB. Thank you for your attention.
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