BNB’s price has resumed its upward trend and moved above the moving average lines.
BNB Price Long-Term Prediction: BullishMeanwhile, BNB is still trading above the moving averages but below the $660 high. BNB is currently at $633.
Technical indicators: Key Resistance Levels – $1,000, $1,050, $1,200 Key Support Levels – $900, $850, $800 BNB Indicator ReadingOn the 4-hour chart, the price bars have dropped between the upward-sloping moving average lines, indicating that the cryptocurrency will continue to trend sideways. The price will remain range-bound for a few days if the cryptocurrency finds support above the 50-day SMA.
What Is the Next Direction for BNB/USD?BNB price has resumed its bullish ascent but has retraced above the moving average lines. On the 4-hour chart, the altcoin is trading above the 50-day SMA support but below the 21-day SMA level. When the cryptocurrency breaks out of the moving average lines, it will begin to trend.
Meanwhile, the cryptocurrency is attempting to rise after being caught between 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.
