Crypto & Blockchain Daily Brief Monday, June 9, 2025

The article discusses the price prediction for Binance Coin (BNB) on June 8th. Binance Coin has been experiencing an upward trend, reaching a price of $390. However, the article suggests that a slight correction might be on the horizon due to the Relative Strength Index (RSI) being overbought. The RSI is a momentum indicator that measures the speed and change of price movements, indicating overbought conditions when above 70. Additionally, the Moving Average Convergence Divergence (MACD) indicator also shows a bearish signal. Despite these indicators suggesting a potential correction, the overall sentiment around Binance Coin remains positive. The support levels for BNB are predicted to be around $350, $330, and $300, while the resistance levels are expected to be at $400, $420, and $450. Traders are advised to exercise caution and monitor the price movements closely to make informed decisions. In conclusion, the article anticipates a slight correction in the price of Binance Coin on June 8th due to overbought conditions indicated by the RSI and a bearish signal from the MACD indicator. Support and resistance levels are provided for traders to consider when making investment choices. It is recommended for traders to stay vigilant and react accordingly to any price fluctuations that may occur.