In this BNB technical analysis, we will examine the current price action, trading volume, key levels and indicators for BNB-BTC. BNB is a popular cryptocurrency that serves as the native token of the Binance exchange ecosystem. It offers users various benefits such as discounted trading fees and access to exclusive features on the platform. With its growing adoption and increasing use cases, BNB has established itself as a prominent player in the crypto market.
BNB Price Overview:
As of July 01, 2024, BNB is trading at approximately 0.0092 BTC. Let’s dive into the detailed price action for BNB-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00928 |
| High (H) | 0.00928 |
| Low (L) | 0.00918 |
| Close (C) | 0.0092 |
| Volume (C) | 19,360.74 |
- Open (O): The opening price for today’s trading session was approximately 0.00928 BTC.
- High (H): BNB reached a daily high of around 0.00928 BTC.
- Low (L): The daily low for BNB-BTC was approximately 0.00918 BTC.
- Close (C): At the time of analysis, BNB is trading near its daily close of 0.0092 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.82% |
| 3D Change (%) | -2.01% |
| 7D Change (%) | -2.37% |
| 30D Change (%) | 3.62% |
| 90D Change (%) | 9.24% |
| YTD Change (%) | 24.73% |
Over the past three days, BNBBTC has fallen by approximately -2.01%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BNBBTC maintaining an upward trend of approximately 3.62%, despite intermittent fluctuations. Examining the last 90 days, BNBBTC has witnessed substantial increase of approximately 9.24%, reflecting strong long-term confidence. Year-to-date, BNBBTC has steadily appreciated by around 24.73%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
BNB Live Chart:
You can access a live price chart for BNB-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.19013.
- Momentum score is 0.02325.
BNB BTC Technical Analysis
BNB Trading Volume:
The trading volume for BNB (BNB) over the past 24 hours has been insignificant, with approximately 19,360.74 BTC traded against BNB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): BNB is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): BNB is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BNB-BTC is currently in the neutral zone, around 51.23984. This suggests that BNB is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
BNB (BNB-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Navigate challenges in realm of BNB (BNBBTC) at 9.20e-03 BTC with technical analysis pointing to bearish outlook and potential downturns.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.