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BNB Resumes Upward as Price Nears $300; TAMA, a Real Game Changer

BNB Resumes Upward as Price Nears $300; TAMA, a Real Game Changer
BNB Resumes Upward as Price Nears $300; TAMA, a Real Game Changer

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At the time of writing, the Binance Coin (BNB) price prediction begins a progressive movement as the price increases slightly.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $299.2
  • Binance Coin market cap – $47.8 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: $360, $380, $400

Support levels: $240, $220, $200

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BNB/USD bulls have been attempting to head towards the upper boundary of the channel. Meanwhile, the Binance Coin price has earlier traded around the support level of $290.9 before making an upward movement and touching the daily high at $299.9 level.

Binance Coin Moves to the Upside as Buyers Prefer Tamadoge

The Binance Coin price is likely to rise more if the bulls could defend the $290 level; the coin may continue its upward movement by keeping the price above the 9-day and 21-day moving averages. Therefore, any further bullish movement may take the coin to the potential resistance levels of $360, $380, and $400.

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However, as revealed by the daily chart, the current prediction may be invalidated should the bears break below the $250 level, and the Binance Coin price may fall to the low of $240, $220, and $200 support levels. More so, the technical indicator Relative Strength Index (14) is crossing into the positive side; suggesting more bullish movements.

Against Bitcoin, the Binance coin price is currently trading below the 9-day and 21-day moving averages, which may likely cross below the lower boundary of the channel. On the contrary, if the red line of the 9-day moving average remains above the green line of the 21-day moving average, the price could touch the nearest resistance of 1400 SAT.

BNBBTC – Daily Chart

Therefore, if the buyers could push the market price above the mentioned resistance, higher resistance could be located at 1500 and above. Meanwhile, should the bulls fail to move the coin upward and selling pressure increases, the nearest support level could be found at 1200 SAT and below. More so, the technical indicator Relative Strength Index (14) is moving to cross below the 40-level, which indicates that sellers may dominate the market.

The Tamadoge team said that the move aims to make investing in TAMA easy and safe. These users can be confident in transferring fiat into crypto, hence the need for Tamadoge to secure this deal with Transak. One of the strongest pillars of any project in the web 3.0 & crypto sector is having a solid team to see the project succeed. The TAMA website has revealed Thomas Seabrook as the Tamadoge lead developer and Carl Dawkins as the head of growth. The other members of the Tamadoge team include Neil Palethorpe and Siphamandla Mjoli, who have joined as the Senior Interaction Designer and the Senior Blockchain Developer, respectively.

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