Binance Coin (BNB) shows resilience after a stormy week for the financial markets, while Israel attacked Iran in order to limit its nuclear program and missile capacities, leading to a large -scale missile attack in response.
The conflict has seen investors flee risk assets and led to more than $ 700 million in liquidations on the cryptography market in just 24 hours, according to Coinglass. BNB, however, managed to maintain a narrow commercial range of just over 1%, resistant to a wider altcoin decline.
BNB, after the sale, failed to exceed $ 660, its immediate level of resistance according to the Technical Analysis Data model of Coindesk Research, and has since consolidated in a symmetrical triangle model.
Despite the reverse, the part remained above the key support at $ 640, an area aligned with the level of Fibonacci trace of 78.6%. The analysis of the negotiation volume suggests that sellers dominate nearly $ 655.5, while a base of buyers represents around $ 649, shows the model.
The techniques indicate a mixed image. The divergence of Mobile Average Convergence (MACD) has become negative and the relative resistance index (RSI) is just under 50, referring to the bleaching momentum.
However, the 50/200 -day mobile averages are approaching a golden cross and the Chaikin monetary flow indicator remains positive, a configuration that has historically preceded upward reversals, depending on the model.
But the feeling around BNB is not bullish. The Net Paker volume, an aggressive sales pressure gauge, has reached a lower several weeks of $ 197 million.
Meanwhile, even if the volume of perpetual trading of the intelligent Binance chain has increased exponentially from one month to the next, this activity does not seem to have triggered a new BNB request. The interests open in the long term remain down by more than 30% compared to its December peak.
