Binance Coin (BNB) Price Analysis for September 6

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bears are not going to give up as the rates of most of the coins keep falling.

Top coins by CoinStats


The price of Binance Coin (BNB) has decreased by almost 1% since yesterday.

Image by TradingView

On the local chart, traders should pay attention to the nearest level of $213.5. If the daily bar closes near it or below, the fall is likely to continue to the $213 zone tomorrow. However, if a bounce back happens, one can expect a local rise to the middle of the channel.

Image by TradingView

On the bigger time frame, the price of BNB is coming back to the support level of $213. If the bar closes below yesterday’s low, the accumulated energy might be enough for a blast to the $210 range by the end of the week.

Image by TradingView

A similar picture can be seen on the weekly chart as the rate is approaching the support of $212.5.

If the situation does not change by the end of the week, buyers are likely to see a drop of BNB to the $205-$210 area shortly.

BNB is trading at $213.6 at press time.

Source link