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...
