$BNB #TrumpTariffs BNB is currently trading at $673.23 with a 0.15% increase. However, with the looming Trump tariffs, the Binance Coin price trajectory is uncertain. Let's break it down ¹ ²:
- *Key Price Levels:*
- *Support*: $654 (current low price)
- *Resistance*: $680-$700 (previous highs)
- *Technical Indicators:*
- *RSI*: Shows a bullish divergence on the daily chart, indicating potential upside
- *Moving Averages*: BNB price has acted around the MA200 locally, with a fleeting move above it before returning below and making a lower low
- *Market Sentiment:*
- Uncertainty surrounding Trump tariffs could lead to high volatility
- Some analysts predict a potential crash, while others see untapped upside potential
It's essential to monitor the market closely and adjust your strategy accordingly. If you're planning to trade the news, consider using tight stop losses to mitigate potential losses. Keep in mind that market sentiment can shift rapidly, and being prepared for different scenarios is crucial ².