Join Our Telegram channel to stay up to date on breaking news coverage
The Binance Coin price prediction shows that BNB is likely to climb above the 9-day moving average to begin the upward trend as the price mounted up by 2.85%.
Binance Coin Prediction Statistics Data:
- Binance Coin price now – $314
- Binance Coin market cap – $51.1 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: $380, $400, $420
Support levels: $230, $210, $190
BNB/USD is currently changing hands at around $314.3 as the coin touches the daily high at $321.4 with a market cap of $51.1 billion. Today’s trading begins with a slight uptrend in the market as the coin crosses above the 9-day and 21-day moving averages. However, according to the daily chart, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
Binance Coin Price Prediction: Binance Coin May Gain More Uptrends
Looking at the daily chart, the next step for the Binance Coin price is to stay above the 9-day and 21-day moving averages. Once this is done, bulls may now push the coin towards the upper boundary of the channel before heading towards the upper boundary of the channel to hit the resistance levels at $380, $400, and $420 respectively.
However, as the technical Indicator Relative Strength Index (14) moves to cross above the 40-level, BNB/USD may continue moving to the north, once this plays out, it can manage to sustain the bullish movement towards the resistance levels of $320 and $340. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $230, $210, and $190 respectively.
Against Bitcoin, the Binance coin is moving to cross below the 21-day moving averages as the coin may slide towards the south. At the moment, bears are to push the coin to the negative side as the technical Indicator Relative Strength Index (14) moves below 50-level.
However, if the bulls push the price above the 9-day moving average, BNB/BTC may rise to the resistance level of 1100 SAT and above. Meanwhile, the continuation of the bullish movement may keep the price above the moving averages, and staying there may cause the coin to hit the resistance level of 1100 SAT and above.
Read more:
Join Our Telegram channel to stay up to date on breaking news coverage
