BNB Technical Analysis: BNB/USD Pair to Break Past $250?

Key technical points: BNB technical analysis is bullish today. BNB/USD found support at $206. The closest resistance is at $250 Past Performance of BNB The Binance Coin is currently on an upward trend after finding support at $206. The coin is expected to continue this trend and may reach the closest resistance at $250. The past performance of BNB suggests that the coin is a good investment option. The Binance Coin is currently trading at $236.24 and is up by 1.47% in the last 24 hours. The coin has a market cap of $38.72 billion and a 24-hour trading volume of $1.46 billion. Looking at the BNB/USD 1-day chart, the coin reached a high of $239 yesterday before facing rejection and dropping to a low of $230 today. The coin has since recovered and is currently trading above the $236 level. The moving averages are bullish, with the 20-day EMA (green) and 50-day EMA (blue) close to crossing over. Source- Tradingview BNB Technical Analysis The Binance Coin is currently in a bullish trend as it found support at $206. The coin is expected to continue this upward trend and may reach the closest resistance at $250. The moving averages are bullish, with the 20-day EMA (green) and 50-day EMA (blue) close to crossing over. The MACD is bullish, and the RSI is close to the overbought levels. However, the Stochastic indicator is in the overbought territory, which suggests that the coin may be due for a correction. Upcoming Trend If the Binanc...