{"id":30623,"date":"2023-10-06T05:53:10","date_gmt":"2023-10-06T09:53:10","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30623"},"modified":"2023-10-06T05:53:10","modified_gmt":"2023-10-06T09:53:10","slug":"bnb-price-prediction-bears-aim-nasty-drop-below-200-heres-why","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/06\/bnb-price-prediction-bears-aim-nasty-drop-below-200-heres-why\/","title":{"rendered":"BNB Price Prediction \u2013 Bears Aim Nasty Drop Below $200, Here\u2019s Why"},"content":{"rendered":"

BNB price (Binance coin) is still struggling to clear the $220 resistance against the US Dollar. The price could decline heavily below the $210 and $202 support levels.<\/em><\/p>\n

Binance coin price is slowly moving lower from the $220 resistance against the US Dollar.
\nThe price is now trading below $215 and the 100 simple moving average (4 hours).
\nThere was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might accelerate lower if it breaks the $210 support level.<\/p>\n

Binance Coin Price Remains At Risk<\/h2>\n

This past week, BNB price attempted a recovery wave above the $210 level. The price was able to clear the $215 resistance zone. However, it failed to clear the $220 resistance.<\/p>\n

There was a fresh decline in BNB, like Bitcoin<\/a> and Ethereum<\/a>. The price declined below the $215 support level. The bears pushed the price below the 50% Fib retracement level of the upward move from the $207 swing low to the $221 high.<\/p>\n

Besides, there was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB\/USD pair. The price is now trading below $215 and the 100 simple moving average (4 hours).<\/p>\n

It is consolidating near the 76.4% Fib retracement level of the upward move from the $207 swing low to the $221 high. If there is a recovery wave, the price could face resistance near the $213 level and the 100 simple moving average (4 hours).<\/p>\n

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

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

The next resistance sits near the $215 level. A clear move above the $215 zone could send the price further higher. In the stated case, BNB price could test the main resistance at $220-$222. A close above the $222 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n

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

If BNB fails to clear the $215 resistance, it could start another decline. Initial support on the downside is near the $210 level. The next major support is near the $207 level.<\/p>\n

If there is a downside break below the $207 support, the price could drop toward the $202 support. Any more losses could initiate a larger decline toward the $165 level.<\/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 $210, $207, and $202.<\/p>\n

Major Resistance Levels \u2013 $215, $220, and $222.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) is still struggling to clear the $220 resistance against the US Dollar. The price could decline heavily below the $210 and $202 support levels.<\/em><\/p>\n

Binance coin price is slowly moving lower from the $220 resistance against the US Dollar.
\nThe price is now trading below $215 and the 100 simple moving average (4 hours).
\nThere was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might accelerate lower if it breaks the $210 support level.<\/p>\n

Binance Coin Price Remains At Risk<\/h2>\n

This past week, BNB price attempted a recovery wave above the $210 level. The price was able to clear the $215 resistance zone. However, it failed to clear the $220 resistance.<\/p>\n

There was a fresh decline in BNB, like Bitcoin<\/a> and Ethereum<\/a>. The price declined below the $215 support level. The bears pushed the price below the 50% Fib retracement level of the upward move from the $207 swing low to the $221 high.<\/p>\n

Besides, there was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB\/USD pair. The price is now trading below $215 and the 100 simple moving average (4 hours).<\/p>\n

It is consolidating near the 76.4% Fib retracement level of the upward move from the $207 swing low to the $221 high. If there is a recovery wave, the price could face resistance near the $213 level and the 100 simple moving average (4 hours).<\/p>\n

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

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

The next resistance sits near the $215 level. A clear move above the $215 zone could send the price further higher. In the stated case, BNB price could test the main resistance at $220-$222. A close above the $222 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n

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

If BNB fails to clear the $215 resistance, it could start another decline. Initial support on the downside is near the $210 level. The next major support is near the $207 level.<\/p>\n

If there is a downside break below the $207 support, the price could drop toward the $202 support. Any more losses could initiate a larger decline toward the $165 level.<\/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 $210, $207, and $202.<\/p>\n

Major Resistance Levels \u2013 $215, $220, and $222.<\/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-30623","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\/30623","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=30623"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30623\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30623"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}