BNB/USD Medium-term Trend: Bullish
Distribution territories: $9, $9.50, $10
Accumulation territories: $6, $5.50, $5
BNB/USD trade valuation has been relatively experiencing an increase in its price movements as at current. Over a week back, the crypto was in different closer range zones at variant points in time.
Today, the market line has regained its strength after getting lower on the first 4-hour bearish candlestick formed to eventually test $8.50 high mark. Price has now been trading along with Bollinger Upper Band around $8 market territory. Both the 50-day SMA and the Bollinger Lower Band are found around $6.50.The Stochastic Oscillators are currently consolidating within the overbought zone.
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