Binance had very interesting days after announcing its intention to close their doors to all US customers before September 12, 2019.
The new US trade restrictions sent shock waves into all cryptography markets, as US investors struggled to find out which coins had alternative exchanges that met US standards. peeked inbut know that it is not very pretty for some of the altcoins.
CZ, the CEO of Binance, explained that Binance's team had sold none of their holdings in BNB, the coin sank yesterday at $ 29.7, just one day after recording a new record . high time just over $ 36.
The Binance team did not sell a single BNB team. And this graph is far away, btw.
– CZ Binance (@cz_binance) June 14, 2019
Binance Coin (BNB) recorded a slight rebound in prices, which allowed the price action to rebound around $ 33.13 currently.
Despite the recent drop in prices, Binance Coin still ranks 7th among major cryptocurrency projects in terms of market capitalization, with a market capitalization of $ 4.48 billion. Binance Coin also witnessed an extraordinary price explosion, totaling more than 100% in the last three months.
- Since our previous BNB analysiswe can see that the NBB continued to climb even more than resistance at the $ 34.20 level, peaking at $ 36.22. However, the room could not close above this level and returned. Binance has now found support at the $ 32.41 level after rebounding below the $ 30 mark.
- From the top: the nearest resistance level is now between $ 34 and $ 34.20. Higher resistance is then $ 35 and $ 36.22. If bulls can continue to exceed the $ 38 resistance level, a higher resistance is $ 38.53 and $ 40.
- From the bottom: the closest support level is now at $ 32.41. Below this, a lower support is $ 31.20, $ 30.25 and $ 30. Below $ 30, additional assistance is $ 28.88, $ 26.60 and $ 25.18.
- The volume of transactions has remained consistently high in June 2019 and has been above average for the past two days.
- The RSI has recently been held at 50, which shows that sellers still do not control the dynamics of the market.
- Against Bitcoin, we can see that BNB has managed to overcome the resistance at 0.0042 BTC to reach a level above 0.0045 BTC. However, after reaching this level of resistance, the market has been reversed. A support has been found at 0.00355 BTC and BNB / BTC has since rebounded upwards while it is trading at around 0.00385 BTC from now on.
- From the top: the nearest resistance level is 0.004 BTC and 0.0042 BTC. Above, an even higher resistance is set at 0.0044 BTC, 0.004615 BTC, 0.0048 BTC and 0.004930 BTC.
- Bottom: The nearest assistance level is now at 0.003680 BTC, where the 100-day EMA is. The additional support is 0.00355 BTC, 0.003420 BTC, 0.003190 BTC and 0.003 BTC.
- The volume of transactions also remained high in June 2019.
- The stochastic RSI had recently produced a bearish crossover signal in the overbought zone that had caused the recent fall in prices. According to the oscillator, we will have to wait for the stochastic RSI to stabilize and reach the oversold conditions before it can increase.