BNB/USD Breaks Above $250 Level

The Binance coin price prediction shows that BNB is likely to cross above the 9-day moving average as the coin shoots to the upside.

Binance Coin Prediction Statistics Data:

• Binance Coin price now – $272.8
• Binance Coin market cap – $43.9 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: $300, $310, $320

Support levels: $250, $240, $230

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BNB/USD is currently trading at $272.8 after touching the daily low of $269.7, and it is likely to climb above the 9-day moving average to keep the bullish movement. However, if the Binance Coin can reach the resistance level of $280, the daily candlestick may close above this level, and the price could rally toward the upper boundary of the channel.

Binance Coin Price Prediction: Binance Coin Gets Ready for Upward Movement

According to the daily chart, the Binance Coin price is moving close to the resistance level of $280 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is seen moving below the 50-level with the signal line pointing to the east.

Therefore, if the buyers were able to push the price above the 9-day and 21-day moving averages, the Binance Coin price could rally towards the upper boundary of the channel to hit the potential resistance levels of $300, $310, and $320 while sliding towards the lower boundary of the channel may locate the supports at $250, $240, and $230 respectively.

Against Bitcoin, the Binance coin is following a bearish movement below the 9-day and 21-day moving averages, and it may slump towards the lower boundary of the channel, crossing below it could reach the support level of 1300 SAT and below. On the other hand, if the market price crosses above the 9-day and 21-day moving averages, any further bullish movement may hit the resistance level of 1500 SAT and above.

Nevertheless, the technical indicator Relative Strength Index (14) is currently moving below the 50-level as the signal line points to the south to confirm the bearish movement. Moreover, any further bearish movement may create an additional low for the coin.