Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

BNB Forms Bullish Flag Pattern On 1-Day Chart – What’s Next?

by SB Crypto Guru News
May 25, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


After a rally to create an all-time high, the price of Binance Coin (BNB) has been in a consolidation zone. During this consolidation, BNB’s price has managed to form a bullish triangle flag above the 100-day Simple Moving Average (SMA) in the 1-day timeframe.

Currently, the price of Binance coin is moving between the $647 resistance level and the $498 support level building momentum for a bullish breakout with a total capitalization of $89,412,113,586, which is about 1.70% up in the last 24 hours, and a trading volume of $1,535,069,940, over 37% down in the last 24 hours. At the time of writing, BNB’s price was trading around $604 above the 100-day simple moving average, about 0.65% up in the last 24 hours.

BNB Technical Analysis Using Key Indicators

Technically looking at the digital asset’s price chart in the 1-day timeframe, it can observed that the price is trading above the 100-day moving average. This could be an indication that BNB might move upward, therefore, suggesting that it could break above the upper base of the bullish triangle for an upward movement.

BNB

The signal line of the Relative Strength Index (RSI) having moved above and below the zero line is currently trending above the zero line. This formation of the RSI indicator suggests that the price might go bullish and break above the upper base of the bullish triangle.

The Williams alligator indicator also suggests that the price might move upward as both the alligator teeth and jaw are above the alligator lip, while the price is above the indicator. With this formation, it can be suggested that BNB’s price might rally above the bullish triangle.

BNB

Potential Price Results 

Finally, if the price of BNB breaks above the bullish triangle, it might move to break the previous high of $647, and if it breaks this level, the price might move even higher to create a new all-time high.

If the crypto asset fails to break above the bullish triangle, it might move downward and break below the bullish triangle and might even move further toward the $498 support level. Should it break this level it might undergo a deeper correction to test the $384 support level.

BNB
BNB trading at $604 on the 1D chart | Source: BNBUSDT on Tradingview.com

Featured image from Binance, chart from Tradingview.com



Source link

Tags: 1DayBitcoin NewsBNBBullishChartCrypto NewsCrypto UpdatesFlagFormsLatest News on CryptoPatternSB Crypto Guru NewsWhats
Previous Post

Solana Vs. XRP ETF: Expert Predicts Which One Will Be Approved First

Next Post

Why Did CORE Price Surge 20% While The Crypto Market Dumped?

Related Posts

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

by SB Crypto Guru News
July 31, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano founder Charles Hoskinson has made one...

[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?

[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?

by SB Crypto Guru News
July 31, 2025
0

The crypto market saw another tense session on Wednesday as Bitcoin briefly dumped to $115,000 before recovering hours later back...

XRP Price Consolidation Deepens – Resistance Still Capping Upside

XRP Price Consolidation Deepens – Resistance Still Capping Upside

by SB Crypto Guru News
July 31, 2025
0

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms...

Ripple: Tokenized Assets to Approach T by 2033—90% of Finance Leaders See Massive Blockchain Impact

Ripple: Tokenized Assets to Approach $19T by 2033—90% of Finance Leaders See Massive Blockchain Impact

by SB Crypto Guru News
July 31, 2025
0

A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as...

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has made it...

Load More
Next Post
Why Did CORE Price Surge 20% While The Crypto Market Dumped?

Why Did CORE Price Surge 20% While The Crypto Market Dumped?

Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm

Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.