{"id":446973,"date":"2023-10-11T11:37:35","date_gmt":"2023-10-11T11:37:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=446973"},"modified":"2023-10-11T11:37:35","modified_gmt":"2023-10-11T11:37:35","slug":"bnb-bnb-price-prediction-bnb-might-skyrocket-to-250-amid-new-projects-while-the-allure-of-a-certain-presale-intensifies","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bnb-bnb-price-prediction-bnb-might-skyrocket-to-250-amid-new-projects-while-the-allure-of-a-certain-presale-intensifies","title":{"rendered":"BNB (BNB) Price Prediction: BNB Might Skyrocket to $250 Amid New Projects, While the Allure of a Certain Presale Intensifies"},"content":{"rendered":"

Established in July 2017, Binance claims the world’s largest cryptocurrency exchange title when measuring daily trading volume.<\/span><\/p>\n

As the premier global cryptocurrency exchange, Binance has developed an extensive ecosystem of services and functionalities for its users. The Binance network includes several key components, including Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and research initiatives.<\/span><\/p>\n

As a result, investors and traders harbor high expectations for the coin as they attempt to push its value above the $206 support zone. This effort has caused the coin’s daily trading volume by 4%, reaching $568 million.<\/span><\/p>\n

However, as of the time of writing (5.33 a.m. EST), BNB is trading at $2.07, reflecting a 1% drop in the last 24 hours.<\/span><\/p>\n

\"BNB\/USD
BNBUSD Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

BNB is currently experiencing bearish momentum, characterized by a struggle between the bulls and bears, evident in the pattern of lower lows and lower highs. It trades within a falling channel, indicating the potential for an upward surge above the channel. If this point is reached, BNB could confirm the anticipated bull rally above the channel, aiming for the $321 resistance level.<\/span><\/p>\n

However, there are several factors supporting the bearish sentiment. Price indicators, such as the 50-day and 20-day moving averages, are trading above the current price, at $214 and $261, respectively. Additionally, the moving average crossing at $298 on the daily chart confirms the bearish sentiment. <\/span><\/p>\n

The 50-day simple moving average acts as immediate support for BNB. The relative strength index (RSI) rebounds from the neutral 50 positions, trending downwards at 39, indicating intense bearish pressure towards the oversold zone (30).<\/span><\/p>\n

BNB Might Surge to the $250 Mark<\/span><\/h2>\n

There is a possibility that BNB might surge to the $250 mark, given its proximity to the upper boundary of the falling channel. However, overcoming the obstacle of the 50-day SMA will be crucial if the bulls rely on its support.<\/span><\/p>\n

Conversely, all factors indicate a bearish sentiment, including the TSI and simple moving average indicators. While an upward movement remains possible, the bears may seize the opportunity presented by these hurdles and drive the price toward the channel’s lower boundary, potentially leading to a further bearish extension.<\/span><\/p>\n

While the direction for BNB may not be entirely clear, you may want to consider BTCMTX, which offers an exciting presale offer and a stake-to-mine feature for the potential of high returns.<\/span><\/p>\n

BTCMTX Presale Nears $1million<\/span><\/h2>\n

Bitcoin Minetrix (BTCMTX)<\/span><\/a> has surged past the $900K milestone in its current presale, positioning itself as a potential crypto frontrunner. The project has gained attention from Bitcoin investors due to its new stake-to-mine system. The innovative vision driving this project is shaping the future of mining.<\/span><\/p>\n

\n

#BitcoinMinetrix<\/a> has once more crossed a crucial milestone! 🚀<\/p>\n

We have raised over $900,000. pic.twitter.com\/zWvJsUwiBb<\/a><\/p>\n

— Bitcoinminetrix (@bitcoinminetrix) October 10, 2023<\/a><\/p><\/blockquote>\n