Binance Coin has resumed its bullish ascent after breaking above the moving average lines
BNB price long-term prediction: bullishThe cryptocurrency is approaching the $920 level. Since November 21, the price has been range-bound, trading above the $800 support but below the $920 resistance. Buyers failed to sustain the price above the $920 barrier.
Technical indicators:Resistance Levels – $1,000, $1,050, $1,200
Support Levels – $900, $850, $800
BNB price indicators reading 
The BNB price is rising but has stalled at $890. The altcoin is currently trading above the $820 support but below the $920 resistance on the 4-hour chart.
On the positive side, the price will continue to rise if buyers keep it above the moving average lines. The altcoin will depreciate if the price drops below the moving average lines.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
