BNB BTC BNB Technical Analysis

Photo of author

By Frans van Elst

BNB logo 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 April 05, 2024, BNB is trading at approximately 0.00858 BTC. Let’s dive into the detailed price action for BNB-BTC:

Follow potential bullish trend for BNB (BNBBTC) at 8.58e-03 BTC with technical analysis, indicating promising indicators and robust support.

Metric Value
Open (O) 0.00855
High (H) 0.0087
Low (L) 0.00845
Close (C) 0.00858
Volume (C) 36,803.73
  • Open (O): The opening price for today’s trading session was approximately 0.00855 BTC.
  • High (H): BNB reached a daily high of around 0.0087 BTC.
  • Low (L): The daily low for BNB-BTC was approximately 0.00845 BTC.
  • Close (C): At the time of analysis, BNB is trading near its daily close of 0.00858 BTC.
Metric Value
1D Change (%) 0.33%
3D Change (%) 1.84%
7D Change (%) -2.18%
30D Change (%) 32.04%
90D Change (%) 22.67%
YTD Change (%) 16.28%

Over the past three days, BNBBTC has risen by approximately 1.84%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.18%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BNBBTC maintaining an upward trend of approximately 32.04%, despite intermittent fluctuations. Examining the last 90 days, BNBBTC has witnessed substantial rise of approximately 22.67%, reflecting strong long-term confidence. Year-to-date, BNBBTC has steadily increased by around 16.28%, 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 0.38979.
  • Momentum score is -0.0582.

BNB BTC Technical Analysis

BNB Trading Volume:

The trading volume for BNB (BNB) over the past 24 hours has been insignificant, with approximately 36,803.73 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 high zone, around 57.43546. This suggests that BNB is in bullish 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 high RSI and insignificant trading volume are high signals for potential upward movement.

Follow potential bullish trend for BNB (BNBBTC) at 8.58e-03 BTC with technical analysis, indicating promising indicators and robust support.

Don’t overlook our detailed insights on BNB USDT BNB Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

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.

You have not selected any currencies to display