#TradingAnalysis101

Binance Coin (BNBUSD) is rising due to significant support – Analysis – 11-03-2025 $BNB

BNB

555.03

+3.31%

The price of Binance Coin (BNBUSD) has increased during its recent trading at the momentary levels, following the stability of the current support level at $534.7, attempting to recover some of its previous losses, amid the dominance of the short-term corrective downward trend and trading alongside a trendline, with continued negative pressure due to trading below its simple moving average of the previous 50 days. Moreover, we notice the emergence of negative signals in the relative strength indicators.

Therefore, our expectations favor a return to the decline of the coin's price during its upcoming trading, especially if it breaks the aforementioned support of $534.7, aiming afterward for the pivotal support level of $471.5.

Expected trend for the upcoming trades: likely to decline$BNB