Binance Coin Price Analysis

The Binance Coin price prediction is facing a decline in the value of 5.99% after being rejected at a $218.8 resistance level.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $202
  • Binance Coin market cap – $33.1 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: $290, $310, $320

Support levels: $130, $120, $110

 

At the time of writing, BNB/USD is heading towards the south as the price failed to break above the resistance level of $218. 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.

Binance Coin Price Prediction: Binance Coin Price May Consolidate at $200

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. Nevertheless, bulls need to hold the $200 level to begin an upward movement.

Source: Crypto News