TL;DR Breakdown Binance Coin price is expected to BNB faces resistance at the $ markThe closes support level lies at $ The Binance Coin price has faced rejection at the $435 mark that has caused the price action to move back towards the support at $420 earlier today. Since falling to the level, the bulls have made multiple attempts at breaking past the $435 mark to no avail, and the price has continued oscillating between the two key levels. The broader cryptocurrency market observes a bearish market sentiment over the last 24-hours as most major cryptocurrencies record losses in their prices over the period. Major players include VeChain and Stellar Lumens, recording a 7.1 and a 6.9 percent decline, respectively. Technical indicators for BNB/USDT: Traders look for support at $415 Technical indicators for BNB/USDT by Tradingview Across the technical indicators, the MACD shows confusion in the markets as the two EMAs exhibit multiple crossovers in the last 24 hours. Overall, the momentum remains low on both sides as both the bears and the bulls struggle for market dominance. The indicator would remain neutral as the Binance Coin price continues oscillating between the $420 support and the $435 resistance level. The RSI had entered the overbought region as reported yesterday, but since the rejection at the $435, the indicator has returned below the 60.00 index level. The indicator’s zigzag moving patter...
