BNB's price has resumed its bullish ascent, breaking above the moving average lines.
BNB price long-term prediction: bullishHowever, the upward trend was halted by the 50-day SMA barrier. The price movement is now confined between the moving average lines.
Technical indicators:Resistance Levels – $1,000, $1,050, $1,200
Support Levels – $900, $850, $800
BNB indicator readingFollowing the recent positive trend, BNB is currently trading above the 21-day SMA support but below the 50-day SMA barrier.
The 4-hour chart shows the price is above the moving average lines. The 21-day SMA is above the 50-day SMA, indicating a bullish trend. BNB's price has remained below the $630 peak. Since April 7, the upward trend has stayed above the moving average lines but below the resistance at $630.
What is the next direction for BNB/USD?Meanwhile, it is oscillating above the moving average lines 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.
