TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

The price of Binance coin (BNB) continues to look strong as it holds its support against Tether (USDT) after the Consumer Price Index (CPI) announcement. The CPI tends to provide a gauge as regards inflation in the economy while instigating BTC prices and other altcoins. Related Reading: MANA Bulls May Outsmart The Bears If They Stick To These Support Lines Bitcoin’s (BTC) price saw a pullback from $24,200 to $22,800 despite showing signs of a relief rally but was faced with resistance to breakout. Despite the shake-out, the price of the Binance coin remained strong. (Data feeds from Binance) Price Analysis Of BNB On The Weekly Chart From the chart, the price of BNB saw a weekly low of around $210, which bounced from that area and rallied to a price of $330. The price has built more momentum as it faces resistance at $336. If the price of BMB on the weekly chart continues with this bullish structure, it could quickly revisit $450. Weekly resistance for the price of BNB – $336. Weekly support for the price of BNB – $300, 210. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB found strong support at around $270, with what seems to be an area of interest on the daily chart. BNB bounced from its support, forming a trendline as it faces resistance to break above $336. At the point of writing, the price of BNB is at $333, trying to break the resistance at the $336 area. If the price of BNB breaks above...