BNB/USD has climbed higher in early trading this morning and is touching short term support, which will cause technical traders to test their perceptions. Forex Crypto
As of this writing, BNB/USD is trading below the 320.0000 mark, but it has traded near the 324.0000 juncture earlier this morning. of May BNB/USD was trading near the 290.0000 ratio and its incremental climb upwards is intriguing technically. Having touched a low of nearly 225.0000 on the 12However, the long term bearish trend which has been shadowing digital assets has certainly continued to have an effect on BNB/USD.
The result of strong selling after this high was made quickly produced the lows written about above on the 27of May. Technical traders who are optimistic buyers do not have much evidence yet that a sudden burst of strong buying is going to puncture the highs seen on the 25of May. Until the higher short term resistance levels are brushed aside and significant price velocity is seen in the broad cryptocurrency market, it is likely choppy conditions will prevail in BNB/USD.
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