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Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – June 12

  • The price of Binance is currently trading at $35.017 as at the time of writing.
  • From the Fibonacci retracement tool, the crypto’s price is above the 0.236 Fib. retracement.

BNB/USD Medium-term Trend: Bullish

  • Resistance Levels: $36, $37¸ $38
  • Support levels: $34, $33 $32

Yesterday, June 11, the price of BNB was in a bullish trend. In the month of May, the Binance coin was trading in a sideways trend. The 12-day EMA and the 26-day EMA were flattened and trending horizontally. The crypto’s price is above the EMAs which indicates that price is likely to rise. The price of Binance is currently trading at $35.017 as at the time of writing. A trend line has been dawn to determine the duration of the bullish trend.

On the upside, a bullish trend is said to be ongoing if the trend line is unbroken. On the other hand, a bullish trend is said to be terminated if the trend line is broken and another candlestick is closed in the opposite of it. Nevertheless, Binance Coin is at the overbought region of the daily stochastic but above the 80% range. This indicates that the price is in the bullish momentum and a buy signal.

BNB/USD Short-term Trend: Bullish

On the 1-hour chart, the BNB price was in a bullish trend. The crypto’s price is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is in a bullish trend. From the Fibonacci retracement tool, the crypto’s price is above the 0.236 Fib. retracement.

The price is in the continuation zone of the Fibonacci tool. As long as the price is above the EMAs, the crypto will appreciate in value.The daily stochastic is in the overbought region but above the 80% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin Market Price Chart in RealTime

Source: BEG

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