The Binance Coin price prediction manages to maintain its position as the coin moves to cross above the upper boundary of the channel.
Binance Coin Prediction Statistics Data:
- Binance Coin price now – $264
- Binance Coin market cap – $42.6 billion
- Binance Coin circulating supply – 161.3 million
- Binance Coin total supply – 161.3 million
- Binance Coin Coinmarketcap ranking – #5
Resistance levels: $330, $350, $370
Support levels: $200, $180, $160
BNB/USD undergoes a much-needed break to the positive side as the market opens today. The Binance Coin price is currently posting gains of over 2.56% within the chart, with the coin aiming to cross above the upper boundary of the channel at $264.8.
Binance Coin Price Prediction: Binance Coin Could Move to the Upside
The Binance Coin price resumes back in the middle of consolidation after a slight drop towards the 9-day and 21-day moving averages. The market price continues the surge and moves toward the upper boundary of the channel, the $270 resistance level are likely to come to play and the Binance Coin price may look for higher price levels if the bulls show commitment.
At the time of writing, the market displays a sign of subduing volatility with choppy price action. If the Binance Coin price decides to stay under the control of bears, the price may roll back to the previous supports at $200, $180, and $160 below the moving averages. But on the upside, traders can expect the next levels of resistance at $330, $350, and $370. In addition, the technical indicator Relative Strength Index (14) is crossing above 60-level, which indicates that bullish movement may play out.
Compared with Bitcoin, the Binance Coin price is likely to cross above the 9-day moving average in other to reach the nearest resistance level of 1150 SAT. Unless the coin crosses above the upper boundary of the channel, and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.
However, staying below the moving averages could refresh lows under 1100 SAT, and a possible bearish continuation may likely meet the critical support at 1050 SAT and below while the buyers may push the coin to the potential resistance level of 1230 SAT and above as the technical indicator Relative Strength index (14) crosses above 50-level, suggesting more bullish signals.
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