Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Binance Coin is stuck at $590. Will BNB soon surpass $600?
ALTCOIN NEWS

Binance Coin is stuck at $590. Will BNB soon surpass $600?

By Crypto FlexsJuly 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Coin is stuck at 0. Will BNB soon surpass 0?
Share
Facebook Twitter LinkedIn Pinterest Email
  • BNB has been struggling with gains and losses over the past few hours.
  • Despite the fluctuations, the price remained in the $590 range.

Binance Coin (BNB) showed strength throughout the previous trading session, reaching one of its highest price levels in months.

However, looking at a shorter time frame, BNB appears to be in a downtrend, suggesting a temporary decline or consolidation following the recent uptrend.

Despite this short-term decline, BNB’s long-term accumulated profits are still intact.

Binance slips to smaller timeframes

Analysis of Binance Coin (BNB) on different time frames reveals distinct market trends and trends. On the daily time frame, BNB has shown strong performance, rising by more than 3% in the last 24 hours and accumulating more than 10% in the past week.

These figures indicate a solid medium-term bullish trend and suggest positive sentiment and buying interest among investors.

Conversely, a more detailed view using the 1-hour timeframe showed a slight pullback, with BNB down nearly 1%. This drop may seem minor, but it could indicate short-term profit-taking following the recent rally or a market correction.

A comprehensive view of Binance price trends

The daily timeframe analysis of Binance Coin showed a significant bullish trend in the last trading session. The chart showed a 3.86% gain, with a closing price of around $594, up from the opening price of around $572.

This peak is close to the price level that BNB reached a month ago, when it was around $599. The price has since been on a downward trend.

At the time of writing, BNB has dropped slightly to around $591. Despite this minor drop of less than 1%, BNB can still maintain its position in the $590 price range.

This shows that the recent uptrend has largely held up despite the small sell-off.

Binance price trend

Source: TradingView

Moreover, technical indicators continued to support the bullish outlook for BNB. The Relative Strength Index (RSI) is trending above the neutral line, indicating continued buying pressure.

Also, there has been no significant decline in the current momentum. This position of the RSI suggests that market sentiment is still positive and the bullish trend is still valid.

BNB can recover profits

Binance Coin (BNB) trading volume analyzed by Santiment shows steady activity, with volumes remaining strong across consecutive trading sessions.

On July 19, BNB’s trading volume surpassed $2 billion, and similar levels are observed in the current session. This stability in trading volume indicates that market participation has not weakened, suggesting continued interest and participation from traders.

Binance Trading VolumeBinance Trading Volume

Source: Santiment


Read Binance (BNB) Price Prediction 2024-25


It is particularly noteworthy that volumes remained high despite a slight price drop of less than 1%. This stability in volumes often acts as a buffer against significant price drops, as it suggests a balanced dynamic between buying and selling pressure.

The strong trading volume currently underway could help BNB maintain or even increase its market value as the trading day progresses.

Previous: Dogecoin, Shiba Inu Market Volatility – Are Whales the Reason?

Next: Polygon ranks second behind Ethereum in tokenized assets. Will this help MATIC?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Twitter Safety: ‘Compromised’ SEC Account Posts Fake Bitcoin ETF Tweets, Doesn’t Enable 2FA

January 10, 2024

UNHCR uses blockchain and Cardano to improve refugee support system

January 7, 2024

The judge said CZ cannot return to the UAE before sentencing.

November 28, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.