{"id":24526,"date":"2023-05-24T04:54:01","date_gmt":"2023-05-24T08:54:01","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=24526"},"modified":"2023-05-24T04:54:01","modified_gmt":"2023-05-24T08:54:01","slug":"bnb-price-prediction-bears-target-fresh-lows-below-300","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/24\/bnb-price-prediction-bears-target-fresh-lows-below-300\/","title":{"rendered":"BNB Price Prediction: Bears Target Fresh Lows Below $300"},"content":{"rendered":"

BNB price (Binance coin) is struggling to clear the $315 resistance against the US Dollar. It is declining and remains at risk of a move below $300.<\/em><\/p>\n

Binance coin price is moving lower from the $315 resistance against the US Dollar.
\nThe price is now trading below $312 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair could accelerate lower if it breaks the $305 support zone.<\/p>\n

Binance Coin Price Dips Again<\/h2>\n

This past week, BNB price attempted an upside break above the $312 resistance. However, the bulls struggled to gain strength above $315, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

A high is formed near $315.5 and the price is now moving lower. There was a move below the 50% Fib retracement level of the upward move from the $304 swing low to the $315 high. BNB price is now trading below $312 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB\/USD pair. It seems like the price is now approaching the $305 support.<\/p>\n\n

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

On the upside, BNB is facing resistance near the $312 level and the 100 simple moving average (4 hours). The next major resistance is near the trend line or $315. A clear move above the $315 resistance might spark bullish moves. The next major resistance is near the $320 level, above which the price might rise toward the $332 resistance. Any more gains might send the price toward the $340 level.<\/p>\n

More Losses in BNB?<\/h2>\n

If BNB fails to clear the $315 resistance, it could continue to move down. Initial support on the downside is near the $307 level.<\/p>\n

The next major support is near the $305 level. If there is a downside break below the $305 support, there could be an extended decline toward the $300 support. Any more losses could send the price toward the $284 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $305, $300, and $284.<\/p>\n

Major Resistance Levels \u2013 $312, $315, and $320.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) is struggling to clear the $315 resistance against the US Dollar. It is declining and remains at risk of a move below $300.<\/em><\/p>\n

Binance coin price is moving lower from the $315 resistance against the US Dollar.
\nThe price is now trading below $312 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair could accelerate lower if it breaks the $305 support zone.<\/p>\n

Binance Coin Price Dips Again<\/h2>\n

This past week, BNB price attempted an upside break above the $312 resistance. However, the bulls struggled to gain strength above $315, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

A high is formed near $315.5 and the price is now moving lower. There was a move below the 50% Fib retracement level of the upward move from the $304 swing low to the $315 high. BNB price is now trading below $312 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB\/USD pair. It seems like the price is now approaching the $305 support.<\/p>\n

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

On the upside, BNB is facing resistance near the $312 level and the 100 simple moving average (4 hours). The next major resistance is near the trend line or $315. A clear move above the $315 resistance might spark bullish moves. The next major resistance is near the $320 level, above which the price might rise toward the $332 resistance. Any more gains might send the price toward the $340 level.<\/p>\n

More Losses in BNB?<\/h2>\n

If BNB fails to clear the $315 resistance, it could continue to move down. Initial support on the downside is near the $307 level.<\/p>\n

The next major support is near the $305 level. If there is a downside break below the $305 support, there could be an extended decline toward the $300 support. Any more losses could send the price toward the $284 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $305, $300, and $284.<\/p>\n

Major Resistance Levels \u2013 $312, $315, and $320.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-24526","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\/24526","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=24526"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/24526\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=24526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=24526"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=24526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}