![]() ![]() Therefore, if the bulls put more pressure, the Binance Coin price may cross above the upper boundary of the channel to reach the resistance level of 1150 SAT and above. Looking at the technical indicator, the Relative Strength Index (14) is likely to cross above the 60-level. On the contrary, should the price break below the moving averages, the coin may hit the support level of 950 SAT and below. Moreover, Binance Coin bears may not be able to drag the price down as the 9-day moving average is crossing above the 21-day moving average, suggesting a bullish movement. Looking at the daily chart, BNB/BTC is moving to the upside as the price moves to cross above the channel. BNB/BTC Market: Price May Head to the Upside Therefore, the technical indicator Relative Strength Index (14) is within the oversold region, indicating more bearish signals in the nearest term. Moreover, if the market experience more drops, it could hit the nearest support at $180 and a further drop below the lower boundary of the channel could pull the market to the support levels of $130, $120, and $110 respectively. Nevertheless, bulls need to hold the $200 level to begin an upward movement. Bitcoin Price Index (XBX) Ether Price Index (ETX) Basic Attention Token Price Index (BTX). The Binance Coin price remains below the 9-day and 21-day moving averages, therefore, should buyers manage to power the market they may likely find resistance levels of $290, $310, and $320. BNB is currently trading at 435.44 with a total circulating supply of. Binance Coin Price Prediction: Binance Coin Price May Consolidate at $200 The aim is to burn 100 million Binance coins reducing its supply and, in turn, boosting the coin’s demand. ![]() Looking at the daily chart, the Binance Coin shows that the price is still moving within the channel, though the price may need to retreat a little bit before heading to the upside. At the time of writing, BNB/USD is heading towards the south as the price failed to break above the resistance level of $218. ![]()
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