December 19, 2024 BNB Daily Chart Analysis
Outlook
BNB current price is 703.63 USDT and the current market cap is 545.711.166 USDT. This chart period started 210 days ago (24 May 2024) with a total of 106 days closing above the opening price and 101 days closing below the opening price. The lowest price was 400.00 USDT on 05 August 2024, and the highest price was 793.86 USDT on 04 December 2024. The current price is 75.91% above the lowest price and 11.37% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 709.43
22-Day Moving Average: 702.30
50-Day Moving Average: 651.40
100-Day Moving Average: 614.54
250-Day Moving Average: 587.70
Moving Average Analysis
The current price is %0.82 lower than the 5-Day moving average and has been below it for 0 days.
The current price is %0.19 higher than the 22-Day moving average and has been above it for 1 days.
The current price is %8.02 higher than the 50-Day moving average and has been above it for 17 days.
The current price is %14.50 higher than the 100-Day moving average and has been above it for 23 days.
The current price is %19.73 higher than the 250-Day moving average and has been above it for 44 days.
The current price is %56.84 higher than the 500-Day moving average and has been above it for 288 days.
Trends
The longest uptrend in the 210 day period is 8 days. It started at 533.70 USDT on 16 September 2024 and ended by increasing by 13.53% to 605.90 USDT on 24 September 2024.
The longest downtrend is 6 days. It started at 588.20 USDT on 30 July 2024 and ended by decreasing -21.08% to 464.20 USDT on 05 August 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 702.66 USDT on 15-12-2024
Support: 681.00 USDT on 18-12-2024
Support: 668.66 USDT on 19-12-2024
Last 7 days resistance levels:
Resistance: 732.11 USDT on 14-12-2024
Resistance: 730.00 USDT on 16-12-2024
Resistance: 737.37 USDT on 17-12-2024
The lowest support level is 668.66 USDT on 19-12-2024, and the highest resistance level is 737.37 USDT on 17-12-2024. The percentage difference between these levels is approximately 10.3%.
Volume
The previous trading day’s volume (18-12-2024) 726,576.02 USDT. Highest volume in the last 210 days is 2,114,679.75 USDT on 05-08-2024. Lowest volume in the last 210 days is 78,940.24 USDT on 19-10-2024. Difference between highest and lowest volume is 2578.84%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 467,535.28 USDT
22-day Moving Average Volume: 722,832.20 USDT
50-day Moving Average Volume: 647,217.68 USDT
100-day Moving Average Volume: 435,791.61 USDT
250-day Moving Average Volume: 375,806.56 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 726,576.02 USDT
Previous day’s volume is 55.41% higher than the 5-day moving average.
Previous day’s volume is 0.52% higher than the 22-day moving average.
Previous day’s volume is 12.26% higher than the 50-day moving average.
Previous day’s volume is 66.73% higher than the 100-day moving average.
Previous day’s volume is 93.34% higher than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -35.32% lower than the 22-day moving average.
22-day moving average is 11.68% higher than the 50-day moving average.
50-day moving average is 48.52% higher than the 100-day moving average.
100-day moving average is 15.96% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 08-11-2024 with a volume of 318,752.72 USDT and ended on 12-11-2024 with a volume of 1,166,459.01 USDT, lasting for 4 days and representing a 265.94% increase.
The longest consecutive volume decrease started on 10-06-2024 with a volume of 692,122.62 USDT and ended on 16-06-2024 with a volume of 104,827.15 USDT, lasting for 6 days and representing a 84.85% decrease.
Price Volume Coorelation
During the longest volume increasing period price increased from 597.82 USDT to 625.33 USDT, which represents a 4.60% increase.
During the longest volume decreasing period price decreased from 625.10 USDT to 610.80 USDT, which represents a 2.29% decrease.
Strategy
“BNB” finds serious support at the 22-day moving average, but it has an image that cannot escape the selling pressure.
If a close is made above the 22-day moving average in the short term, the previous day’s opening can be determined as a stop loss and a “long” position can be opened.
BNB
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
