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Binance Coin Price Prediction for Today July 20: BNB Crosses Above $270 Resistance

Binance Coin Price Prediction
Binance Coin Price Prediction

After breaking above the moving averages, the Binance Coin price prediction moves to cross above the upper boundary of the channel.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $271
  • Binance Coin market cap – $43.5 billion
  • Binance Coin circulating supply – 161.3 million
  • Binance Coin total supply – 161.3 million
  • Binance Coin Coinmarketcap ranking – #5

BNB/USD Market

Key Levels:

Resistance levels: $330, $350, $370

Support levels: $220, $200, $180

BNB/USD is trading at $271 after touching the daily low of $263.8 and climbing above the 9-day and 21-day moving averages. However, in case the buyers were able to push the price above the resistance level of $280, and the daily candlestick closes above this level, the price may rally above the upper boundary of the channel.

Binance Coin Price Prediction: Binance Coin Ready to Shoot Up

Looking at the daily chart, the 9-day moving average is already above the 21-day moving average as the Binance price is likewise moving close to the resistance level of $275, which connotes that the buyers may gain the upper hand in the market. The technical indicator Relative Strength Index (14) is likely to cross into the overbought region with the signal line pointing up to indicate a buy signal.

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However, in case buyers were able to push the price above the upper boundary of the channel and the daily candlestick closes above this barrier, the Binance Coin price may rally towards potential resistance levels of $330, $350, and $370 while crossing below the moving averages may bring the coin to the supports at $220, $200, and $180 respectively.

BNB/BTC Market: Price Heads to the Upside

Compared with Bitcoin, the coin is following a bullish surge, and it may swing high to cross above the upper boundary of the channel which could locate the resistance level of 290 SAT and above. On the other hand, if the market price crosses below the 9-day and 21-day moving averages, it could reach the support level of 250 SAT and below.

BNBBTC – Daily Chart

However, the technical indicator Relative Strength Index (14) is currently moving above the 60-level as the signal line points to the north to confirm the bullish movement. Meanwhile, any further bullish movement may create additional gains above the channel.

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