Market Cap
24h Vol
7054
Cryptocurrencies
82696
Markets
Cryptopolitan
2020-02-09 00:46:35

Binance Coin price analysis: BNB may be in for a slight retracement

Over the last month or so, the Binance Coin price has been one to keep an eye on. Beginning the year at $13, the coin kept climbing until it reached its November 2019 highs. Binance Coin (BNB) began the year trading at around $13. However, it quickly began surging, breaking through its 100-day exponential moving average (EMA) at $17 to reach its 200-day EMA at $18.50. Despite struggling at the 200-day EMA for most of January, BNB began to climb higher in February, breaking above a five-month-old trend line to reach its current resistance level. The Binance Coin price began