BNB/USD Takes the Day as Price Aims at $360 Level

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The Binance Coin price prediction shows that BNB is currently changing hands at $352.3 as the technical indicator swings to the upside.

Binance Coin Prediction Statistics Data:

Binance Coin price now – $352.3
Binance Coin market cap – $56.6 billion
Binance Coin circulating supply – 159.9 million
Binance Coin total supply – 159.9 million
Binance Coin Coinmarketcap ranking – #4

BNB/USD Market

Key Levels:

Resistance levels: $400, $420, $440

Support levels: $300, $280, $260

BNB/USD is still keeping the upward movement as its price moves toward the upper boundary of the channel with a gain of over 0.89%. At the time of writing, the Binance Coin price remains above the 9-day and 21-day moving averages and capped to the upside at $352.3.

Binance Coin Price Prediction: Binance Coin (BNB) Could Spike High

The Binance Coin price keeps hovering above the 9-day and 21-day moving averages but the bullish rally failed to materialize above the $354 level. Yesterday, the coin failed to clear the hurdles above the channel but today, the bulls are back in the market as they keep the coin above the moving averages. More so, a break above the channel may provoke a bull run toward the resistance levels of $400, $420, and $440 respectively.

The daily chart reveals that BNB/USD may tend to move higher as the technical indicator remains within the overbought region. Nevertheless, if the buyers failed to keep the coin on the upside, it may slump below the moving averages to reach the support levels of $300, $280, and $260.

Against Bitcoin, the Binance Coin price is likely to cross above the upper boundary of the channel in other to reach the nearest resistance at 1700 SAT. Unless this coin crosses above the channel and the price ends up closing above it, there might not be any reason to expect a bullish continuation.

On the contrary, any movement below the nearest support could refresh lows below the 9-day moving average, and a possible bearish continuation may likely meet the major support at 1550 and below while the buyers may push the coin above the channel to hit the resistance at 1800 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) remains within the overbought region to increase the bullish movement.

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