- The BNB price saw uptrends during the past week.
- Its RSI has remained below the neutral line despite the uptrend
Binance Coin (BNB) ended its trading week on a high note, showing resilience and a notable recovery. It was able to break key levels with its uptrends, but still faces challenges ahead, with resistance looming at a key price range.
Binance ends the week on a high
Analysis of Binance Coin (BNB) on a daily time frame revealed a positive conclusion to the week, as noted by AMBCrypto.
After starting the week with a notable 6% decline, BNB managed to recover, ending the week at around $523, marking a 2.83% increase. This uptrend continued into the new week, with BNB trading at around $531, indicating an additional increase of over 1%.
Source: TradingView
A significant aspect of this recovery is BNB’s breakthrough above its long-moving average (blue line), which had previously acted as a resistance level.
This shift…
