BNB/USD Recovers Above $300

Binance Coin Price Prediction Begins A Decent Wave Of Recovery Above $300 As The Coin Approaches A Key Hurdle Near $310.

Binance Coin Forecast Statistics:

• Binance Coin Current Price – $299.7
• Binance Coin Market Cap – $22.86 Billion
• Binance Coin Circulation – 22.8 Billion
• Total Binance Coin Supply – 22.5 Billion
• Binance Coin Coinmarketcap Ranking – #6

BNB/USD Market

Main levels:

Resistance Levels: $370, $390, $710

Support Levels: $250, $230, $210

BNB/USD is in the hands of the bulls once the coin breaks above the 9- and 21-day moving averages. However, due to lack of buying power, the bulls may need to muster enough energy to push the price of Binance his coin to the upper end of the channel. The technical indicator’s Relative Strength Index (14) is above the 50 level and the signal line is pointing east, suggesting sideways movement.

Binance Coin Price Prediction: Binance Coin Could Rise

Looking at the daily chart, the 9-day moving average is likely to cross the 21-day moving average, so the Binance coin price is poised to move higher. However, the more bulls put pressure on the bears, the higher the coin will go. Therefore, if the bulls maintain the uptrend, BNB/USD could continue its bullish move and lift the coin to resistance levels of $370, $390 and $410.

On the other hand, strong selling pressure could push the price below the moving averages, and if BTC trades below the day’s open of $298.6, a bearish move could propel the price to $250, 230. $, likely to reach the $210 support level.

Against Bitcoin, Binance Coin is above the 9- and 21-day moving averages, with the bulls increasing their entry within the market. At the time of writing, currently trading at 1807 SAT, the Binance Coin price has failed to push the price above the channel cap. If Binance Coin shows a bullish rally, it may encounter resistance above 2000 SAT.

Looking at the daily chart, traders can see that the market may remain bullish as the technical indicator Relative Strength Index (14) moves into overbought territory. On the other hand, a bearish move below the moving averages could find support below 1600 SAT.

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