{"id":4150,"date":"2022-07-02T11:21:22","date_gmt":"2022-07-02T11:21:22","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/02\/should-you-buy-bnb-at-the-current-215-support-level\/"},"modified":"2022-07-02T11:21:22","modified_gmt":"2022-07-02T11:21:22","slug":"should-you-buy-bnb-at-the-current-215-support-level","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/02\/should-you-buy-bnb-at-the-current-215-support-level\/","title":{"rendered":"Should you buy BNB at the current $215 support level?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<ul>\n<li>\n<p dir=\"ltr\">BNB faces bearish stress at a key support degree<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">The token is down 68% from its ATH<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Crypto market underneath bearish momentum, BTC trades underneath $20,000.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Binance\u2019s (BNB\/USD) has remained subdued amid an prolonged bearish momentum in the sector. The token is presently buying and selling at $215.35, after a 3.4% decline in the previous day and a ten.72% drop in the previous week, as per\u00a0<a href=\"https:\/\/coinmarketcap.com\/currencies\/bnb\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>CoinMarketCap<\/u><\/a>. Comparatively, the flagship token, bitcoin, has tanked 10.96% in the previous week, whereas Ethereum is down 15.41%. Are we about to see a pattern reversal in the native Binance token, or can it commerce decrease?<\/p>\n<p dir=\"ltr\">The ongoing world enlargement by Binance has achieved little to spice up the adoption of the native BNB token, which was initially meant for discounting charges. BNB Chain\u2019s auto-burn token mechanism, which noticed\u00a0<a href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/19th-bnb-burn-421499824684903705\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Binance burn over 1.8 million BNB tokens in April<\/u><\/a>, is but to spice up the worth of the cryptocurrency.<\/p>\n<p dir=\"ltr\">The previous worth knowledge from\u00a0<a href=\"https:\/\/coinmarketcap.com\/currencies\/bnb\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>CoinMarketCap<\/u><\/a> reveals that the BNB token is on a downward pattern. In the previous month, the token has dropped 28.7% from a excessive of $303. The three-month worth outlook reveals a decline of 51% from $444. The token has equally plunged 68% from its all-time excessive of about $675.<\/p>\n<h2><strong>BNB finds support at $215<img decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/06\/02\/1656759158602-7b1fc79a-a216-4bb9-8509-955164a45b96.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\"\/><\/strong><\/h2>\n<p dir=\"ltr\">Source: Tradingview<\/p>\n<p dir=\"ltr\">According to the day by day chart outlook above, BNB token is wanting bearish. The token is presently buying and selling at the support degree, having turned the $327 worth degree into resistance. The 20 and 50-day shifting averages supply resistance to the upside, exhibiting potential areas of consolidation in case of a pattern reversal. Moreover, with the RSI at 36, BNB could possibly be set for a short-term upward pattern reversal.<\/p>\n<p dir=\"ltr\">Overall, the current worth degree could make a perfect buy entry however with the affirmation of a bullish worth sign. We advocate that traders stay affected person with worth motion alerts earlier than shopping for at the current degree. A drop under $215 may open additional weak spot, and the token can go decrease.<\/p>\n<h3><strong>Summary<\/strong><\/h3>\n<p dir=\"ltr\">BNB token stays largely subdued amid a bearish sentiment in the cryptocurrency sector. However, traders can profit from short-term worth actions earlier than the sentiment modifications. Traders ought to wait till the token has cleared above the $215 degree earlier than going lengthy.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/should-you-buy-bnb-at-the-current-215-support-level\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BNB faces bearish stress at a key support degree The token is down 68% from its ATH Crypto market underneath bearish momentum, BTC trades underneath $20,000. Binance\u2019s (BNB\/USD) has remained subdued amid an prolonged bearish momentum in the sector. The token is presently buying and selling at $215.35, after a 3.4% decline in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[370,132,2141,116,162],"class_list":["post-4150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bnb","tag-buy","tag-current","tag-level","tag-support","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/4150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=4150"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/4150\/revisions"}],"predecessor-version":[{"id":4151,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/4150\/revisions\/4151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/2837"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=4150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=4150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=4150"}],"curies":[{"name":"wp","href":"https:\/\/api.w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