The Binance Coin price prediction shows that BNB is beginning to rise as the bears lose their grip on the coin.
Binance Coin Prediction Statistics Data:
- Binance Coin Price Now – $275
- Binance Coin market cap – $44.7 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: $200, $180, $160
BNB/USD is seen attempting to breach the upper boundary of the channel as the coin moves to touch the daily high of $275. Over the past two days, the coin has been trading towards the 9-day and 21-day moving averages, heading higher.
Binance Coin Price Prediction: Binance Coin (BNB) Begins Upward Movement
The Binance Coin Price would need to stay above the 9-day and 21-day moving averages for it to gain the upside. Therefore, if the bulls are defending the $250 level, the coin may continue its upward move by breaking through the upper boundary of the channel. However, any further upside moves could then hit the potential resistance levels of $360, $380, and $400.
Nevertheless, this prediction may not be right if the bears return to the market and break towards the lower boundary of the channel, Binance Coin could touch the low supports of $200, $180 and $160. Moreover, the technical indicator Relative Strength Index (14) remains above the 60 level; suggesting that more bullish moves are likely to occur.
BNB/BTC market: the price could consolidate on the downside
Against Bitcoin, the Binance coin price is trying to lower as it is likely to break below the 9-day and 21-day moving averages with the next level of support at 1110 SAT. On the contrary, any bullish move can likely push the coin above the upper boundary channel.
If the buyers could push the price higher, higher resistance could be located at 1300 SAT and above. Also, if the bulls fail to enter the market, it might head towards the lower boundary of the channel and it might reach the support level of 1050 SAT and below while the technical indicator Relative Strength Index (14 ) dips below the 60 level, showing that sellers may come to play soon.
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