BlueCat2025
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Bearish
#MyTradingStyle
Binance Coin (BNBUSD) Amid Negative Expectations – Analysis – 18-06-2025 $BNB
The price of Binance Coin (BNBUSD) has dropped in the recent instant trades, amidst a short-term corrective downward trend and trading alongside a trend line, with continued negative pressure due to trading below the simple moving average for a period of 50, which forms a dynamic resistance that has prevented the price from rising throughout the past period. In addition, negative signals are coming from the relative strength indicators, despite their stability in overbought areas in terms of selling.
Therefore, our expectations indicate further decline in the price of the coin during its upcoming trades, as long as it remains below $659.7, aiming to target the support level of $625.60.
Expected trend for upcoming trades: Downward
Binance Coin (BNBUSD) Amid Negative Expectations – Analysis – 18-06-2025 $BNB
The price of Binance Coin (BNBUSD) has dropped in the recent instant trades, amidst a short-term corrective downward trend and trading alongside a trend line, with continued negative pressure due to trading below the simple moving average for a period of 50, which forms a dynamic resistance that has prevented the price from rising throughout the past period. In addition, negative signals are coming from the relative strength indicators, despite their stability in overbought areas in terms of selling.
Therefore, our expectations indicate further decline in the price of the coin during its upcoming trades, as long as it remains below $659.7, aiming to target the support level of $625.60.
Expected trend for upcoming trades: Downward
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