Binance Coin Price Prediction for Today, May 29: BNB Hits a Resistance ByAzeez MustaphaPRO INVESTOR Updated: 30 May 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Binance Coin Price Prediction – May 29The BNB/USD market operation hits a resistance point as the smaller SMA trend line has been instrumental in the trending determination over time. The depression inflicted on the Binance Coin market valuation by the US Dollar is estimated at around -1.20% as it trades at the $303 value line.Binance Coin Price Statistics:BNB price now – $307.58BNB market cap – $50.2billion BNB circulating supply – 163.3 millionBNB total supply – 163.3 millionCoinmarketcap ranking – #5Binance Coin MarketKey Levels:Resistance levels: $350, $370, $390Support levels: $250, $230, $220BNB /USD – Daily ChartThe daily chart showcases the BNB/USD trade hits a resistance around the smaller SMA trend line. The 50-day SMA indicator is above the 14-day SMA indicator. A line of candlesticks has formed in a range bound between the downward channels drawn. The Stochastic Oscillators have crossed southbound from the overbought region to reach a range of around 50. And they are seemingly trying to close the lines back to signify a pause to featuring active moves for a while. Buy Binance Coin Now Is any advantage in the current BNB/USD market range-trading outlook? It requires efforts for traders to have the BNB/USD market range-trading outlook. Range-bound trading has a two-way dimensional approach which has to do with either of the ranging lines to determine a buying order or a sell that has to out of breaking or a reversal at either level to decide position entry afterward. Intending traders wishing to go long on this market needed to let there be some pulling downs toward the trend line of the lower bearish channel before exerting a buying order.On the downside of the technical analysis, the downward forces to the downside direction are still gathering closely underneath the trend line of the 14-day SMA. Sellers will have to increase efforts against any possible breakout around the $350 resistance level. Traders have to always back up their entries with price actions to ensure their position entry into a profit-generating moment at an early stage. BNB/BTC Price Analysis In comparison, Binance Coin appears to maintain a higher-trading level against Bitcoin. The 14-day SMA indicator has intercepted the 50-day SMA indicator. The dominating trend appears to be in range-bound trading zones. The Stochastic Oscillators have crossed southbound toward the range of 20. The situation reveals the base crypto isn’t down against the trending capacity of the flagship-countering crypto economy. Our Recommended Crypto Exchange for U.S. customers Our Rating 120+ Cryptos Wallet Available Paypal available Licensed and regulated in the U.S. Social trading Platform & copy trading Low trading fees Visit Site 81% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage