Binance Coin (BNB) appears to have shaken off the drama of the past two weeks and steadily approaches is 2019 all-time high.
Binance Coin (BNB) Overview
While Binance Coin 00 has been one of 2019’s top performers it has been something of a laggard over the past week, especially when compared against Bitcoin’s price action.
Binance recently reopened for withdrawals and deposits after enduring a shocking $41 million hack and this combined with Bitcoin’s continued surge has lifted the price 34% since last Friday.
Despite these gains, the daily BNB-BTC pairing remains bearish but the BNB-USDT pairing is re-approaching its all-time high so we’ll focus our attention there.
BNB-BTC Daily Chart
The strong 3-day move restored BNB above the ascending trendline and a little more than $1.00 from its 2019 USD high. The daily chart shows an impending bullish cross of the MACD and the RSI hovers in the midline between bullish and bearish territory.
The 12 and 26 EMA are also on the rise as the 12EMA beings to put…