Binance Coin Eyes $316, After Being Stuck At $276 In The Last Week

Binance Coin is looking to retest and push its limits to surpass the $300 mark to tap on liquidity. Binance Coin sets eyes on $316 BNB price currently trades at $278.40 Resistance spotted at $287 to $295 range Bitcoin has encountered intense selling pressure that triggered its dip to $19.5k and retesting the $20.4k zone for liquidity. Moreover, BTC has grappled to fix its clamp on the $20.8k zone seen a few weeks ago. a couple of weeks ago. BNB outlook based on the price action is looking bearish as it lingered at the $276 level for the most part of last week. Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Binance Coin Price Skyrockets 1.36% According to CoinMarketCap, BNB price has skyrocketed by 1.36% or trading at $278.40 as of this writing. BNB has formed a descending triangle pattern seen in the middle of August while it made some swirls of lower highs from the $315 zone. Similarly, BNB price has also formed a base tapping at the $270 to $275 range. A fall that dips below $271 and then retesting on the key resistance would most likely trigger BNB to plunge shooting towards $240. Chart: TradingView.com The $270 level has also maintained to be the support and resistance zone in July. The same zone has also been a fortress resisting the bearish tremors. Awesome Oscillator and RSI for BNB as presented on the 4-hour chart remains to be generally bearish. The momentum indicator also wasn’t a...