Binance Coin BNB price volatile at $$18: What to expect?

Binance Coin BNB price trend shows major volatility in the price from the almost nineteen dollars ($18.80) mark to the seventeen and a half dollars ($17.60) mark.

However, Binance Coin BNB price is about four and a quarter percent (4.22%) up from the dip that affected the BNB price movement on the 16th of October.

Binance Coin BNB price chart 1 - 21 October 2019Binance Coin BNB price chart by Trading View

Binance coin price movement has been independent of Bitcoin throughout the week where the Bitcoin price is still struggling BNB price has problems of its own.

Binance Coin BNB price movement: What to expect?

The Binance Coin is halted between both moving averages. The decline is most likely to be met with a surge range upwards. In case the bulls are able to increase the price above the support line, a change in trend can be indicated. Thus, traders will be able to stand in long positions.

Binance Coin BNB price chart 2 - 21 October 2019Binance Coin BNB price chart by Trading View

On the other hand, in case the range declines with a break beneath the twenty-day exponential moving average. The bear market will try and decrease the price to fourteen dollars ($14.255). In case this also ceases to persist, a further decline is possible.

The probability of this is low, considering how moving averages have flattened themselves out and the relative strength index has indicated levels above fifty, showing the subsiding of selling pressure.

Alden Baldwin

Written by Alden Baldwin

Journalist, Writer, Editor, Researcher, and Strategic Media Manager:With over 10 years of experience in the digital, print and public relations industries, he has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a a self sustaining institute that provides free education. He is working towards funding his own startup.As a technical and language editor, he has worked with multiple top cryptocurrency publications such as DailyCoin, Inside Bitcoins, Urbanlink Magazine, Crypto Unit News and several others.He has edited over 50,000+ articles, journals, scripts, copies, sales campaign headlines, biographies, newsletters, cover letters, product descriptions, landing pages, business plans, SOPs, e-books, and several other kinds of content.

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