Binance Coin rebounded yesterday to retest the $18 resistance after a month of price tussles. Yesterday, as price broke the downtrend line and closed above it, it signaled the resumption of the uptrend.
Buyers and sellers are unrelenting as the tussle for price possession continues unabated beneath the horizontal channel. Last week, the bearish trend was from a high of $152 to $140. The coin rebounded at $140 and moved up to $145.
Ethereum was facing selling pressure a few days ago, as the bears broke through the support at $150. Today, the coin is moving up from its current low at $135. The price rise is said to be hampered at the resistance of $156. This was the price level that has provided support for over two months is now resistance to the coin.