2021-9-15 13:44 |
The jump in UNI/USD rates has quickly met with sellers at local top levels.
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Following the current drop across the crypto space, BNB bounced back from a critical trading zone after initiating a small pullback yesterday. It looks weak in the past hours but is now bullish again.
BNB is down 3% today after failing to overcome a critical trading zone, acting as a resistance since July. However, the daily chart still looks bullish as it foots a strong rally capable of causing a breakout soon.
After rising throughout last week, BNB slightly lost steam following a 5% decrease since the start of this week. The price appeared weak on the day as it stayed calm ahead of a major move lurking around the corner.
Amid this week’s drop, BNB halted bullish and slightly took a downturn after facing a key resistance level. The price is now looking weak after shedding roughly a 3% loss since Monday. It still trades in a bullish zone.
Despite posting over 20% loss in three weeks, BNB’s market structure remains bullish on the macro level. Although the bears are technically taking charge, they will likely reach an exhaustion point soon.
BNB finally ended its two-month accumulation phase with a breakout after registering an insane gain in a week. It printed a new high and now looks set to tap more gains, following a strong bullish sentiment.
