Binance Coin Technical Analysis: BNB/USD finally gets a bull breakout after Binance Card news and is eying up $19
- BNB/USD is trying to climb above $19 after a significant bull rally that began in July.
- BNB is getting a lot of help from Binance after several positive announcements.
BNB is currently trading at $18.9 after confirming a daily uptrend and climbing above the daily 12-EMA and the 26-EMA. Binance has recently announced the acquisition of Swipe, a multi-asset digital wallet and debit card platform. The CEO of Binance, Changpeng Zhao, also shared a test of the Binance Card on Twitter.
BNB/USD daily chart
Besides $19 and $20 psychological levels, bulls are not facing many other resistance points to the upside. This bull rally has an increasing bull volume which means BNB is extremely strong right now and looking for more.
The daily RSI is overbought and is indicating a possible pullback in the short-term. If BNB starts consolidating, buyers can use the 12-EMA as the closest support level. The MACD is also massively bullish.
Author
Lorenzo Stroe
Independent Analyst
Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.
