Home Trading BNB Moves Near $220 Level

BNB Moves Near $220 Level

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The Binance coin price prediction shows that BNB is likely to cross above the 9-day moving average as the coin shoots to the upside.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $215.3
  • Binance Coin market cap – $35.0.7 billion
  • Binance Coin circulating supply – 163.2 million
  • Binance Coin total supply – 163.2 million
  • Binance Coin Coinmarketcap ranking – #4

BNB/USD Market

Key Levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNB/USD is currently trading at $215.3 after touching the daily low of $204.6 and is likely to climb above the 9-day moving average. However, in case the buyers were able to push the price above the resistance level of $220, the daily candlestick may close above this level, and the price could rally towards the 21-day moving average.

Binance Coin Price Prediction: Binance Coin Gets Ready for Upward Movement

According to the daily chart, the Binance coin price is moving close to the resistance level of $220 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving away from the oversold region to cross above the 30-level with the signal line pointing up to indicate a buy signal.

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Nevertheless, if the buyers were able to push the price above the 9-day and 21-day moving averages, the Binance Coin price may rally towards the upper boundary of the channel to hit the potential resistance levels of $300, $310, and $320 while crossing below the lower boundary of the channel may bring the coin to the supports at $130, $120, and $110 respectively.

BNB/BTC Market: Price Moves to the Upside

When compared with Bitcoin, the Binance coin is following a bullish surge, and it may swing high to cross above the upper boundary of the channel which could locate the resistance level of 1150 SAT and above. On the other hand, if the market price crosses below the 9-day and 21-day moving averages, it could reach the support level of 950 SAT and below.

BNBBTC – Daily Chart

However, the technical indicator Relative Strength Index (14) is currently moving to cross above the 60-level as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement may create additional gains above the channel.

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