Binance Coin (BNB.CPT)

Close: 601.92 (-3.07), Apr 25, 2025

Weak Negative

Medium risk

Automatic technical analysis. Medium term, Apr 25, 2025

Binance Coin is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The currency is moving within a rectangle formation between support at 551 and resistance at 792. A decisive break through one of these levels indicates the new direction for the currency. The currency is testing resistance at points 606. This could give a negative reaction, but an upward breakthrough of points 606 means a positive signal. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The currency is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -46)

Period	Vol.bal.	Volatility	Liquidity	+/- %
1 day	-	2.14%	525.40	-0.51%
5 days	-8.20	7.12%	521.52	+1.56%
22 days	-42.11	18.39%	515.91	+0.09%
66 days	-18.12	33.89%	668.10	-8.98%

More analyses of Binance Coin

Candlesticks

Short term: Hold

Medium term: Weak Negative

Long term: Weak Positive

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