Binance Coin (BNB) Price Prediction for March 8
Analysis
Price Impact
LowThe article suggests a minor price decrease over the last day but anticipates a potential test of the $605 resistance level if it closes above $599.99.
Trustworthiness
MedThe analysis is based on technical analysis and price levels, but it also includes a disclaimer about the uncertainty of predictions.
Price Direction
NeutralThe analysis suggests potential sideways trading in the $580-$610 range due to low volume and a lack of clear dominance from either bulls or bears.
Time Effect
ShortThe analysis focuses on potential price movements in the short term (next few days) based on current market conditions.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bears have turned out to be more powerful than bulls at the beginning of the weekend, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap BNB/USD The price of Binance Coin (BNB) has fallen by 0.62% over the last day. Image by TradingView Despite today's drop, the rate of BNB is approaching the local resistance of $599.99. If the daily bar closes around that mark or above, one can expect a test of the $605 zone soon. Image by TradingView On the bigger time frame, neither bulls nor bears are dominating. The volume remains low, which means there are low chances to see sharp moves shortly. Related Fri, 03/07/2025 - 13:40 Bitcoin (BTC) Price Prediction for March 7 Denys Serhiichuk In this case, sideways trading in the zone of $580-$610 is the more likely scenario. Image by TradingView From the midterm point of view, the situation is similar as the rate of the native exchange coin is far from key levels. If the weekly candle closes around current prices, traders are unlikely to see increased volatility. BNB is trading at $598.10 at press time. #Binance coin price prediction