Lorenzo Stroe
Independent Analyst
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BNB/USD is up 3% in the last 24 hours after holding the daily 12-EMA support level
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The digital asset is currently trading inside a daily uptrend.
BNB had a notable mini-run that started on July 5 from a low of $15.1 to a high of $18.999 only a few days later. BNB then had a consolidation period and dropped towards $16.5 before the bulls took over again.
BNB/USD daily chart
Binance Coin price is aiming to hit $18 in the next few hours as it is trading at $17.94 right now. BNB has remained above the daily 12-EMA at $17.45 and it’s trying to climb above $18 before the next resistance level at $18.34, the high of July 20.
BNB/USD 4-hour chart
BNB seems to be trading sideways here but has managed to stay above both EMAs for quite some time. The MACD has crossed bullishly but only so slightly.
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