Binance Coin (BNB) Technical Analysis: Bulls Eyeing $32, Possible Bullish Pattern Breakout Soon

Binance Coin (BNB) Technical Analysis: Bulls Eyeing $32, Possible Bullish Pattern Breakout Soon
imageCryptocurrency News1 hour ago (Jun 11, 2019 07:41AM ET)

Binance Coin (BNB) Technical Analysis: Bulls Eyeing $32, Possible Bullish Pattern Breakout Soon

Binance Coin (BNB) has been range bound between the $29 and $32 levels for the past 5 days, as bulls struggle to breakout beyond the strong psychological resistance. Looking at the 4-Hour and daily chart however, we can see two promising patterns that suggest Binance coin could be about to jumpstart its uptrend.

Today, the #7 cryptocurrency is up 2.73% against the US dollar, but trailing 0.16% behind Bitcoin. Trading volume over the last 24hrs picked up slightly during the Asian trading session, however there has been no significant spike yet to signal the start of a breakout.

In the news recently, the lucrative ‘Binance Effect’ has increased its scope after new DEX listing, Fantom (FTM), soared over 60% when it was moved on to the centralised platform. Binance’s Chief Financial Officer, Wei Zhou, has also leaked that a new stablecoin could be rolled out “within several weeks”, according to a

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Binance Coin (BNB) Technical Analysis: Bulls Eyeing $32, Possible Bullish Pattern Breakout Soon

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