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BNB/USD Ready for a Shoot Above $300

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The Binance Coin price prediction shows that BNB begins to move to the upside as the bears may lose grip over the coin soon.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $308
  • Binance Coin market cap – $50.2 billion
  • Binance Coin circulating supply – 163.2 million
  • Binance Coin total supply – 163.2 million
  • Binance Coin Coinmarketcap ranking – #5

BNB/USD Market

Key Levels:

Resistance levels: $380, $400, $420

Support levels: $230, $210, $190

BNB/USD is seen crossing above the 9-day moving average as the coin moves to touch the daily high of $309. However, for the past couple of days, the coin has been trading below the 9-day and 21-day moving averages touching the low of $290 and this makes the coin remain at the downside.

Binance Coin Price Prediction: Binance Coin (BNB) May Head to the Upside

The Binance Coin price is likely to stay above the 9-day moving average for it to touch the 21-day moving average. Therefore, if the bulls defend the $300 level, the coin may continue its upward movement by moving towards the upper boundary of the channel. However, any further bullish movement may hit the potential resistance levels of $380, $400, and $420.

Nevertheless, this prediction may not be right if the bears return into the market and break below the lower boundary of the channel, and the Binance Coin could touch the low of $230, $210, and $190 support levels. Moreover, the technical indicator Relative Strength Index (14) is likely to cross above 50-level; suggesting that more bullish movements are likely to play out.

BNB/BTC Market: Consolidating to the Upside

Against Bitcoin, the Binance coin price is trying to move up higher as it is likely to cross above the 9-day and 21-day moving averages with a major resistance level at 1070 SAT. The long-term moving averages may likely keep the bullish movement as the market is starting a new trend by moving towards the upper boundary channel.

BNBBTC – Daily Chart

From above, if the buyers could push the price above moving averages, higher resistance could be located at 1130 SAT and above. Moreover, should the bulls fail to move above the levels then, the coin may head towards the lower boundary of the channel to hit the support level of 1000 SAT and below while the technical indicator Relative Strength Index (14) is moving to cross above 60-level, showing that buyers may soon come to play.

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