COINPEDIA

BNB fails to rally further, dips once down the line

BINANCE:BNBUSD   Binance Coin / US Dollar (calculated by TradingView)
Last week, Binance managed to hit the $400 and started surging from there, doing exceptionally well. It even hit $425 in this due course. However, the bulls did not rally past this point and the price started falling the other side. The last few days, the price moved only at $398 and below. However, today it again resumed to the $400 mark with a bullish candle in hand. But currently, the price again tripped into its previous range. The trend angle shows a -6% difference from between the current price and nearest high that strikes at $422.19. Currently the movement is bearish and may dip in the coming hours near $395 shortly. Supporting this, RSI is falling, seen at 52.7 with a buy signal indicator.

Resistance level seen at $ 398.88
Support level strikes at $386.31

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