Will BNB Hit Resistance at $980?

Binance Coin (BNB) trades around the $960 mark today. Despite hovering above the crucial support level of $900, analysts are watching for potential resistance near $980. The next targets for BNB’s price action are based on key technical indicators and historical price movement. 100-day EMA at $900, a long-term signal for trends, has been the primary support. This is closely monitored in tandem with Bollinger Bands, which reflect market volatility. Support near $870 is supported by the lower Bollinger Band. Resistance level at $1050 is based on the upper Bollinger Band. A key question on investors’ minds is whether BNB will break through the resistance at $980 or if it will remain within a range-bound market.