BNB's price has declined after buyers failed twice to sustain it above the moving average lines.
BNB price long-term prediction: ranging Technical indicators:Resistance Levels – $1,000, $1,050, $1,200
Support Levels – $900, $850, $800
BNB price indicators readingThe price has fallen between the horizontal moving average lines. The formation of Doji candlesticks has caused the price movement to remain stagnant.
On the 4-hour chart, the cryptocurrency price has dropped below the horizontal moving average lines. Long candlestick wicks at the latest peak indicate significant selling pressure.
The cryptocurrency has fallen twice from its recent peak, resuming its sideways trend. BNB will continue to trade within the range of the moving average lines until a clear trend emerges.
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.
