{"id":28851,"date":"2023-08-29T05:53:54","date_gmt":"2023-08-29T09:53:54","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=28851"},"modified":"2023-08-29T05:53:54","modified_gmt":"2023-08-29T09:53:54","slug":"bnb-price-prediction-recovery-to-235-on-the-horizon-as-bulls-step-in","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/29\/bnb-price-prediction-recovery-to-235-on-the-horizon-as-bulls-step-in\/","title":{"rendered":"BNB Price Prediction: Recovery To $235 On The Horizon As Bulls Step In"},"content":{"rendered":"

BNB price (Binance coin) is moving higher from $202 against the US Dollar. The price could rise further toward the $230 resistance or even $235.<\/em><\/p>\n

Binance coin price is slowly moving higher from the $202 zone against the US Dollar.
\nThe price is now trading below $225 and the 100 simple moving average (4 hours).
\nThere is a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum above $224 and $225.<\/p>\n

Binance Coin Price Eyes More Upsides<\/h2>\n

After a major decline, BNB price found support near the $202 zone. The price traded as low as $203.5 and recently started a recovery wave, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $212 and $215 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $248 swing high to the $203 low. However, the bears are now defending the $220 resistance zone.<\/p>\n

BNB price is still trading below $225 and the 100 simple moving average (4 hours). There is also a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

On the upside, it is facing resistance near the trend line and $225. The trend line is close to the 50% Fib retracement level of the main decline from the $248 swing high to the $203 low. A clear move above the $225 zone could send the price further higher.<\/p>\n\n

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

The next major resistance is near $230, above which the price might rise toward $235. A close above the $235 resistance might increase the chances of a push above the $250 resistance.<\/p>\n

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

If BNB fails to clear the $225 resistance, it could start another decline. Initial support on the downside is near the $214 level.<\/p>\n

The next major support is near the $212 level. If there is a downside break below the $212 support, the price could drop toward the $202 support. Any more losses could send the price toward the $200 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish 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 $214, $212, and $202.<\/p>\n

Major Resistance Levels \u2013 $225, $230, and $235.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) is moving higher from $202 against the US Dollar. The price could rise further toward the $230 resistance or even $235.<\/em><\/p>\n

Binance coin price is slowly moving higher from the $202 zone against the US Dollar.
\nThe price is now trading below $225 and the 100 simple moving average (4 hours).
\nThere is a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum above $224 and $225.<\/p>\n

Binance Coin Price Eyes More Upsides<\/h2>\n

After a major decline, BNB price found support near the $202 zone. The price traded as low as $203.5 and recently started a recovery wave, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $212 and $215 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $248 swing high to the $203 low. However, the bears are now defending the $220 resistance zone.<\/p>\n

BNB price is still trading below $225 and the 100 simple moving average (4 hours). There is also a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

On the upside, it is facing resistance near the trend line and $225. The trend line is close to the 50% Fib retracement level of the main decline from the $248 swing high to the $203 low. A clear move above the $225 zone could send the price further higher.<\/p>\n

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

The next major resistance is near $230, above which the price might rise toward $235. A close above the $235 resistance might increase the chances of a push above the $250 resistance.<\/p>\n

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

If BNB fails to clear the $225 resistance, it could start another decline. Initial support on the downside is near the $214 level.<\/p>\n

The next major support is near the $212 level. If there is a downside break below the $212 support, the price could drop toward the $202 support. Any more losses could send the price toward the $200 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish 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 $214, $212, and $202.<\/p>\n

Major Resistance Levels \u2013 $225, $230, and $235.<\/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-28851","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\/28851","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=28851"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28851\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28851"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}