BNB/USD Declines Slightly by 0.74%

The Binance Coin (BNB) price prediction sudden dip below $285 today as the coin may likely reclaim back the losses if the bulls step back.

Binance Coin Prediction Statistics Data:

• Binance Coin price now – $282.7Binance Coin market cap – $45.5 billion
• Binance Coin circulating supply – 161.3 million
• Binance Coin total supply – 161.3 million
• Binance Coin Coinmarketcap ranking – #5

BNB/USD Market

Key Levels:

Resistance levels: $330, $350, $370

Support levels: $220, $200, $180

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BNB/USD continues to move sideways as bears are planning to resume back into the market. At the time of writing, the crypto is hovering above the 9-day and 21-day moving averages as the trend is likely to bring a bearish inclination, which may likely retest the support at $270. Looking at the technical indicator, the Relative Strength Index (14) continues to move below the 60-level.

Binance Coin Price Prediction: Would Binance Coin Head to North?

According to the daily chart, the Binance Coin price is likely to face a downtrend, but the best bulls can do is to defend the current market value at $282 and focus on pulling the price towards the nearest resistance level at $300. However, the bulls are likely to make an effort to push the price back to the upside.

Meanwhile, if there is an increase in buying pressure, the price may break towards the upper boundary of the channel; a bullish continuation could reach the resistance levels of $330, $350, and $370. In addition, if the coin decides to follow the negative side, a minimum swing could bring the price to a $250 support level. Exceeding this level could take the price to the support levels of $220, $200, and $180 by moving above the 50-level.

When compares with Bitcoin, the Binance Coin price is seen moving upward as bears are planning to bring the price to the negative side. According to the recent negative sign, the trend may likely follow the downtrend if the buyers failed to push the price towards the upper boundary of the channel.

However, as the technical indicator Relative Strength Index (14) stays above the 60-level, crossing below this level could lower the price to the support level of 1350 SAT and below, but once it moves out of this zone, the market price may likely begin an upward trend to hit the resistance level of 1550 SAT and above.

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