{"id":12574,"date":"2022-11-23T08:53:30","date_gmt":"2022-11-23T12:53:30","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=12574"},"modified":"2022-11-23T08:53:30","modified_gmt":"2022-11-23T12:53:30","slug":"bnb-price-prediction-indicators-suggest-strong-case-for-rally-to-320","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/23\/bnb-price-prediction-indicators-suggest-strong-case-for-rally-to-320\/","title":{"rendered":"BNB Price Prediction: Indicators Suggest Strong Case For Rally To $320"},"content":{"rendered":"

BNB price (Binance coin) found support near $250 against the US Dollar. BNB is rising and might gain pace if it clears the $300 resistance zone.<\/em><\/p>\n

Binance coin price started a recovery wave from the $250 support against the US Dollar.
\nThe price is now trading above $280 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB\/USD pair (data source from Binance).
\nThe pair could continue to rally if it clears the $295 and $300 levels.<\/p>\n

Binance Coin Price Starts Fresh Increase<\/h2>\n

After a strong decline, BNB price even settled below the $300 level. It tested the $250 support zone and traded as low as $249.7. The bulls took a stand near $250 and the price started a recovery wave, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price climbed above the $265 and $270 resistance levels. There was a clear move above the 23.6% Fib retracement level of the downward move from the $361 swing high to $249 swing low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB\/USD pair. The pair is now trading above $280 and the 100 simple moving average (4-hours).<\/p>\n

<\/a><\/p>\n

Source: BNBUSD on TradingView.com<\/a><\/p>\n

On the upside, the $295 and $300 levels are immediate hurdles. The 50% Fib retracement level of the downward move from the $361 swing high to $249 swing low is also near $305. The next major resistance is near the $320 level, above which the price is likely to aim a test of the $345 level in the near term. Any more gains might send the price towards the $360 level.<\/p>\n

Fresh Decline in BNB?<\/h2>\n

If BNB fails to clear the $300 resistance, it could start a fresh decline. An initial support on the downside is near the $280 level and the 100 simple moving average (4-hours).<\/p>\n

The first major support is near the $270 level. The next major support is near the $250 level. If there is a downside break below the $250 support, there could be an extended decline towards the $220 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $280, $270 and $260.<\/p>\n

Major Resistance Levels \u2013 $300, $305 and $320.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) found support near $250 against the US Dollar. BNB is rising and might gain pace if it clears the $300 resistance zone.<\/em><\/p>\n

Binance coin price started a recovery wave from the $250 support against the US Dollar.
\nThe price is now trading above $280 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB\/USD pair (data source from Binance).
\nThe pair could continue to rally if it clears the $295 and $300 levels.<\/p>\n

Binance Coin Price Starts Fresh Increase<\/h2>\n

After a strong decline, BNB price even settled below the $300 level. It tested the $250 support zone and traded as low as $249.7. The bulls took a stand near $250 and the price started a recovery wave, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price climbed above the $265 and $270 resistance levels. There was a clear move above the 23.6% Fib retracement level of the downward move from the $361 swing high to $249 swing low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB\/USD pair. The pair is now trading above $280 and the 100 simple moving average (4-hours).<\/p>\n

<\/a><\/p>\n

Source: BNBUSD on TradingView.com<\/a><\/p>\n

On the upside, the $295 and $300 levels are immediate hurdles. The 50% Fib retracement level of the downward move from the $361 swing high to $249 swing low is also near $305. The next major resistance is near the $320 level, above which the price is likely to aim a test of the $345 level in the near term. Any more gains might send the price towards the $360 level.<\/p>\n

Fresh Decline in BNB?<\/h2>\n

If BNB fails to clear the $300 resistance, it could start a fresh decline. An initial support on the downside is near the $280 level and the 100 simple moving average (4-hours).<\/p>\n

The first major support is near the $270 level. The next major support is near the $250 level. If there is a downside break below the $250 support, there could be an extended decline towards the $220 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $280, $270 and $260.<\/p>\n

Major Resistance Levels \u2013 $300, $305 and $320.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-12574","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=12574"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12574\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=12574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=12574"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=12574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}