{"id":351561,"date":"2022-10-16T01:06:13","date_gmt":"2022-10-16T05:06:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=351561"},"modified":"2022-10-16T01:06:13","modified_gmt":"2022-10-16T05:06:13","slug":"binance-coin-price-prediction-today-october-16-2022-bnb-usd-maybe-bouncing-upwards","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-coin-price-prediction-today-october-16-2022-bnb-usd-maybe-bouncing-upwards","title":{"rendered":"Binance Coin Price Prediction Today, October 16, 2022: BNB\/USD Maybe Bouncing Upwards"},"content":{"rendered":"

BNB\/USD market retraced the support to $265 after it tested the resistance of $300. And at this point trading indicators are revealing that price action is getting ready to bounce to the upside.<\/p>\n

Binance Coin Analysis Statistics Data:
\n<\/strong>BNB value now: $271.20
\nBinance Coin’s market cap: $43.41 billion
\nBinance Coin’s moving supply: 161.34 million
\nThe Total supply of BNB: 161.34 million
\nBinance Coin’s Coinmarketcap ranking: #5<\/p>\n

To that effect, we will pay closer attention to price movements in this market. Consequently, this will enable us to spot trading opportunities that are present in this market. We’ll as well look into the BNB\/BTC market too.<\/p>\n

Major Price Marks:
\n<\/strong>Ceiling Marks: $271.20, $275.00, $280
\n<\/strong>Floor Marks: $264.00, $260.00, $255.00<\/p>\n

\"Binance<\/p>\n

Binance Coin Price Prediction Today, October 16, 2022: BNB\/USD Maybe Attempt to Move Upwards<\/h2>\n

BNB\/USD<\/a> daily market price action seems to be getting ready to reach higher levels. After price action has arrived at the lower limit of the Bollinger indicator, subsequently testing it, the appearance of a last green candle may be portraying that an upward correction may have started. Additionally, the RSI has been able to reach the oversold zone uninterrupted. Furthermore, these curves have performed an upside crossover there in the oversold. Should the RSI curves rise back up smoothly again, then this will result in price action eventually breaking the resistance of $280 to the upside. And, this will imply that price action would have gained significant strength.<\/p>\n

\"Binance<\/p>\n

Binance Coin Price Prediction Today, October 16, 2022: BNB\/BTC Is Pulling Back to the Upside<\/h2>\n

Price action. on the BNB\/BTC market, the afore-noticed upward correction appears much stronger here than the BNB\/USD. The last two price candles here are bullish and has pushed price up in this market. Although the RSI curves look mangled lately in the oversold area, it has however performed a bullish crossover.<\/p>\n

Buy Binance Coin Now<\/strong><\/span><\/a>\n<\/p>

Your capital is at risk.<\/em><\/p>\n

The RSI’s latest activity portrays the recent buying activities which formed the bullish price candles. It is worth keeping in mind that the RSI is still in the oversold, precisely below the 50% level. Consequently, this implies that the uptrend may still be developing. Nevertheless, traders can position a long order at 0.014160. this will ensure catching the trend when it must have gathered additional momentum.<\/p>\n\n \n","protected":false},"excerpt":{"rendered":"

BNB\/USD market retraced the support to $265 after it tested the resistance of $300. And at this point trading indicators are revealing that price action […]<\/a><\/div>","protected":false},"author":1742,"featured_media":351562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7612,7613,13052],"class_list":["post-351561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-binance","tag-bnb","tag-technical-analysss"],"acf":[],"yoast_head":"\nBinance Coin Price Prediction Today, October 16, 2022: BNB\/USD Maybe Bouncing Upwards<\/title>\n<meta name=\"description\" content=\"Binance Coin Price Prediction Today, October 16, 2022: BNB\/USD Maybe Attempt to Move Upwards BNB\/USD daily market price action seems to be\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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