Binance Coin (BNB) has recently experienced a significant reduction in market volatility, with its price consolidating within a defined range. This is visible on the one-day chart, where BNB’s 20-day exponential moving average (EMA) and 50-day simple moving average (SMA) have flattened, indicating reduced price movement.
The 20-day EMA, a short-term indicator, and the 50-day SMA, a longer-term indicator, have both been flat since August 26. This flattening suggests market indecision and low volatility, confirmed by BNB’s Average True Range (ATR), now at 24.6.
A declining ATR indicates less price fluctuation and a consolidation phase. Additionally, BNB’s downward-trending Bollinger Bandwidth at 18.48 further supports the low volatility outlook.
If bullish sentiment resurges, BNB's price could break out of its narrow range and rise to $560.90. Conversely, increased selling pressure could see the price fall to $522.90.
