The BNB (BNB) price fell below the moving average lines, reaching a low of $863, but then recovered.
BNB price long-term prediction: bearishBulls and bears are competing for price control at the 50-day SMA level. Today, the bulls gained the upper hand as the cryptocurrency price closed above the 50-day SMA.
Technical indicators:Resistance Levels – $1,000, $1,050, $1,200
Support Levels – $900, $850, $800
BNB price indicators reading
The moving average lines have an upward slope, indicating the previous upswing. The 21-day SMA is trending above the 50-day SMA support, and the price bars are positioned between them. On the 4-hour chart, the price bars are below the downward-sloping moving average lines. BNB will continue to advance when it crosses the 21-day SMA level on the 4-hour chart.
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.
