{"id":29746,"date":"2023-09-18T05:53:13","date_gmt":"2023-09-18T09:53:13","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29746"},"modified":"2023-09-18T05:53:13","modified_gmt":"2023-09-18T09:53:13","slug":"bnb-price-prediction-poised-for-bullish-breakout-unless-this-changes","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/18\/bnb-price-prediction-poised-for-bullish-breakout-unless-this-changes\/","title":{"rendered":"BNB Price Prediction \u2013 Poised For Bullish Breakout Unless This Changes"},"content":{"rendered":"

BNB price (Binance coin) stayed above the main $202 support against the US Dollar. The price is recovering and might rally if there is a move above $220.<\/em><\/p>\n

Binance coin price is slowly moving higher above the $212 level against the US Dollar.
\nThe price is now trading above $214 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum if there is a close above $220.<\/p>\n

Binance Coin Price Starts Recovery<\/h2>\n

After a major decline<\/a>, BNB price managed to stay above the key support at $202. The price traded as low as $204 and recently started a decent increase, like Bitcoin and Ethereum<\/a>.<\/p>\n

There was a move above the $208 and $210 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $234 swing high to the $204 low. Besides, there was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

BNB price is now trading above $214 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $219.50 and $220 levels.<\/p>\n\n

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

The 50% Fib retracement level of the main decline from the $234 swing high to the $204 low is also near $220 to act as a hurdle. A clear move above the $220 zone could send the price further higher. The next major resistance is near $228, above which the price might rise toward $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n

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

If BNB fails to clear the $220 resistance, it could start another decline. Initial support on the downside is near the $214 level and the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $210 level. If there is a downside break below the $210 support, the price could drop toward the $204 support. Any more losses could send the price toward the $202 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 $214, $210, and $202.<\/p>\n

Major Resistance Levels \u2013 $220, $228, and $235.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) stayed above the main $202 support against the US Dollar. The price is recovering and might rally if there is a move above $220.<\/em><\/p>\n

Binance coin price is slowly moving higher above the $212 level against the US Dollar.
\nThe price is now trading above $214 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum if there is a close above $220.<\/p>\n

Binance Coin Price Starts Recovery<\/h2>\n

After a major decline<\/a>, BNB price managed to stay above the key support at $202. The price traded as low as $204 and recently started a decent increase, like Bitcoin and Ethereum<\/a>.<\/p>\n

There was a move above the $208 and $210 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $234 swing high to the $204 low. Besides, there was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

BNB price is now trading above $214 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $219.50 and $220 levels.<\/p>\n

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

The 50% Fib retracement level of the main decline from the $234 swing high to the $204 low is also near $220 to act as a hurdle. A clear move above the $220 zone could send the price further higher. The next major resistance is near $228, above which the price might rise toward $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n

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

If BNB fails to clear the $220 resistance, it could start another decline. Initial support on the downside is near the $214 level and the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $210 level. If there is a downside break below the $210 support, the price could drop toward the $204 support. Any more losses could send the price toward the $202 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 $214, $210, and $202.<\/p>\n

Major Resistance Levels \u2013 $220, $228, 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-29746","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\/29746","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=29746"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29746\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29746"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}