BNB/USD Price Ranges as the Coin Holds $274 Level

The Binance Coin price prediction seems to be caught between the bull and the bear as the price remains within the moving averages.

Binance Coin Prediction Statistics Data:

• Binance Coin price now – $274.5
• Binance Coin market cap – $43.9 billion
• Binance Coin circulating supply – 159.9 million
• Binance Coin total supply – 159.9 million
• Binance Coin Coinmarketcap ranking – #4

BNB/USD Market

Key Levels:

Resistance levels: $300, $310, $320

Support levels: $250, $240, $230

BNB/USD has been showing an uneven movement with several falls more than rises, and it has not been able to maintain a consistent bullish run. However, the coin may show some signs of upward movement if it crosses back above the 21-day moving average. Meanwhile, for the past few days, the market has been forming a pattern where the day begins with either a bullish or bearish, but towards the end, it reverses.

Binance Coin Price Prediction: BNB Price May Head to the North

The Binance Coin price continues to consolidate itself in a flag formation, waiting for a cross above the 21-day MA. More so, the daily breakout reveals that BNB/USD remains within the moving averages at the time of writing, and it is currently trading at the $274.5 level. Meanwhile, if the support level of $272.8 is revisited, a price breakdown may occur as the bears may find a new low at $250, $240, and $230 support levels.

Meanwhile, a bullish step back may likely roll the market to the $280 resistance and could move toward the $300, $310, and $320 resistance levels. At the moment, the Relative Strength Index (14) indicator is seen moving around the 50-level where a bullish cross might reveal a buy signal for the market.

Against Bitcoin, the recent sideways movement is due to the price stability in BNB trading which shows that the resistance-support is at equilibrium. Another thing to note here is that the market is preparing to change the trend and a short-term bullish breakout is most likely to play out because the technical indicator Relative Strength Index (14) may likely cross above the 50-level and this could make the coin find the nearest resistance level at 1500 SAT and above.

However, the only condition for the continuation of sideways movement is if the price action remains within the moving averages, then the price may head below the lower boundary of the channel to reach the support level of 1300 and below.

At the time of writing, the IMPT token is already on presale, and in less than a few weeks, the token managed to raise more than $7 million. However, with over 25,000 affiliates joining their network and using their services, IMPT has a solid foundation to make a significant leap once their presale ends.

Stage one of the Dash 2 Trade presale has been sold out and this took less than 4 days. At the moment, D2T is still cheap at 0.05 USDT in stage two, the amount raised so far approaches $2 million.

Related:

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