BNB Slumps Below $215 Level

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The Binance Coin price prediction may find a halt at $200 as the price is down by 3.13% after touching the daily high of $229.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $219
  • Binance Coin market cap – $35.8 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: $300, $320, $340

Support levels: $150, $130, $110

BNB/USD price may continue to drop until it finds support at the expected level of $200. The daily chart reveals that the Binance Coin is currently trading towards the lower boundary of the channel. If the bears continue to push the market further lower, the immediate support level may be located. Crossing below the lower boundary of the channel may hit the supports at $150, $130, and $110.

Binance Coin Price Prediction: Binance Coin May Continue Downtrends

As the daily chart reveals, if the buyers can hold the support at $215 and the Binance Coin price begins to climb higher, the bulls may expect immediate resistance to be located at $250 which is above the 9-day and 21-day moving averages. Above this level, higher resistance lies at $300, $320, and $340. The technical indicator Relative Strength Index (14) moves to cross below 40-level as the bears put more pressure, which indicates that the market may continue the downward movement.

BNB/BTC Market: Price May Keep Moving Sideways

Against BTC, the Binance Coin price is sliding below the 9-day moving average. On the other hand, if the price action crosses above the upper boundary of the channel, Binance Coin may begin the bullish movement. Therefore, the bulls need to be strong to snatch the market price from the bear run.

BNBBTC – Daily Chart

At the moment, if the price failed to break above the upper boundary of the channel, it may cross below the 21-day moving average to hit the critical support at 0.010 BTC and below. In addition, should the market break above the upper boundary, BNB/BTC could hit a resistance level of 0.0125 BTC and above but the technical indicator Relative Strength Index (14) nosedives below the 60-level, suggesting bearish movement.

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