Binance Coin (BNBUSD) price declined in its latest intraday trading, under negative pressure from trading below its 50-day SMA. This move also led to breaking a minor upward trend line on the short term, reinforcing the surrounding bearish pressure, especially with negative signals flowing from the Stochastic indicators, despite remaining in strongly oversold areas.

Therefore, we expect the currency to decline in its upcoming intraday trading, as long as it remains stable below the resistance level of 861.2, to then target the support level of 813.2.

Todays price forecast: Bearish.