During the European session today, the Binance Coin price prediction begins a progressive movement as the price increases slightly.
Binance Coin Prediction Statistics Data:
- Binance Coin price now – $311.5
- Binance Coin market cap – $51.0 billion
- Binance Coin circulating supply – 163.2 million
- Binance Coin total supply – 163.2 million
- Binance Coin Coinmarketcap ranking – #5
BNB/USD Market
Key Levels:
Resistance levels: $370, $390, $410
Support levels: $250, $230, $210
BNB/USD bulls have been attempting to move above the 9-day moving average. The $299 support level is the critical support where the price touched today. Meanwhile, the Binance Coin price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.
Binance Coin Price Prediction: Can Binance Coin Move to the Upside?
The Binance price is likely to rise more if the bulls could defend the $300 level; the coin may continue its upward movement by breaking above the 21-day moving average after keeping the price above the 9-day moving average. Therefore, any further bullish movement may take the coin to the potential resistance levels of $370, $390, and $410.
However, as revealed by the daily chart, the current prediction may be invalidated should the bears break below the $300 level, and the Binance Coin price may fall to the low of $250, $230, and $210 support levels. More so, the technical indicator Relative Strength Index (14) is crossing into the positive side; suggesting more bullish movements.
BNB/BTC Market: May Consolidates Above the Channel
When compared with Bitcoin, the Binance coin price is currently trading above the 9-day and 21-day moving averages. However, the red line of the 9-day moving average may likely make a bullish cross above the green line of the 21-day moving average to touch the nearest resistance of 1100 SAT.
Therefore, if the buyers could push the price above the mentioned resistance, higher resistance lies at 1120 and above. Moreover, should the bulls fail to move it upward, then, the nearest support level could be located at 9920 SAT and below. More so, the technical indicator Relative Strength Index (14) crosses above 60-level, which indicates that buyers may dominate the market.
Looking to buy or trade Binance Coin (BNB) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Read more:
Source: https://insidebitcoins.com/news/binance-coin-price-prediction-for-today-may-21-bnb-resumes-upward-as-price-hits-313