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Binance Coin Price Prediction for Today, June 18: BNB Price Hits $196 Low

Binance Price Prediction
Binance Price Prediction

The Binance Coin price prediction is facing a decline in the value of 5.99% after being rejected at a $218.8 resistance level.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $202
  • Binance Coin market cap – $33.1 billion
  • Binance Coin circulating supply – 163.2 million
  • Binance Coin total supply – 163.2 million
  • Binance Coin Coinmarketcap ranking – #5

BNB/USD Market

Key Levels:

Resistance levels: $290, $310, $320

Support levels: $130, $120, $110

At the time of writing, BNB/USD is heading towards the south as the price failed to break above the resistance level of $218. Looking at the daily chart, the Binance Coin shows that the price is still moving within the channel, though the price may need to retreat a little bit before heading to the upside.

Binance Coin Price Prediction: Binance Coin Price May Consolidate at $200

The Binance Coin price remains below the 9-day and 21-day moving averages, therefore, should buyers manage to power the market; they may likely find resistance levels of $290, $310, and $320. Nevertheless, bulls need to hold the $200 level to begin an upward movement.

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Moreover, if the market experience more drops, it could hit the nearest support at $180 and a further drop below the lower boundary of the channel could pull the market to the support levels of $130, $120, and $110 respectively. Therefore, the technical indicator Relative Strength Index (14) is within the oversold region, indicating more bearish signals in the nearest term.

BNB/BTC Market: Price May Head to the Upside

Looking at the daily chart, BNB/BTC is moving to the upside as the price moves to cross above the channel. Moreover, Binance Coin bears may not be able to drag the price down as the 9-day moving average is crossing above the 21-day moving average, suggesting a bullish movement. On the contrary, should the price break below the moving averages, the coin may hit the support level of 950 SAT and below.

BNBBTC – Daily Chart

Looking at the technical indicator, the Relative Strength Index (14) is likely to cross above the 60-level. Therefore, if the bulls put more pressure, the Binance Coin price may cross above the upper boundary of the channel to reach the resistance level of 1150 SAT and above.

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