Thus, the wedge pattern breakdown will thus prolong the long coming sideways trend, Technical IndicatorsĮMAs: The 200 EMA of the weekly chart maintains an overall bullish trend for BNB price. On the contrary, note, if the falling prices breached the wedge pattern support trendline, the BNB coin may witness further correction to the triangle pattern’s support trendline. Now until this pattern is intact, the ongoing recovery cycle within the triangle will remain intact and may encourage buyers to breach the symmetrical triangle resistance trendline.Īlso Read: 15 New Cryptocurrencies To Buy In 2023Ī potential bullish breakout from the triangle’s resistance trendline will signal an early sign of an upcoming bull rally. With sustained selling the coin price is likely to tumble 8% where it will hit the support trendline of the wedge pattern. With the increasing selling pressure in the market, the coin price tumbled 7% in the last three days and is currently trading at $325.3. On April 16th, the BNB price turned down from the confluence point for two resistance trendlines mentioned above. The intraday trading volume in the BNB coin is $797.4 Million, indicating a 7% loss.A rising wedge pattern maintains a strong recovery within two rising trendlines until the lower one breaks. ![]() ![]() The Binance Coin price prediction 2025 anticipates the maximum value to hit 981.72, whereas the minimum trading price estimated is around 822.66. The current price of Binance Coin is 331.98132838, the quantity of supply in current circulation for Binance Coin is 155,863,431.305 with a total market cap of 51.74B. A symmetrical triangle pattern is a continuation pattern whose breakout from either of its trendline will bolster the future price movement Binance Coin prediction 2023 anticipates the maximum price of BNB will reach around 468.71, and the expected minimum price will hit a 398.34 low in 2023. Crypto Market News: After the recent addition to zero fees trading on crypto exchange Binance, Floki Inu price showed massive jump, although it did not sustain for much long.Earlier, CoinGape reported that Binance listed another memecoin Pepe Coin (PEPE) and FLOKI in the innovation zone.
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