About the US dollar, the BNB price (Binance coin) is seeking a comeback from $202. If the price surpasses the $215 barrier level, a significant surge can begin.

  • The price of the Binance currency is gradually rising against the US dollar from the $202 region.
  • The price is currently trading below $230 and the 4-hour 100 SMA.
  • On the 4-hour chart of the BNB/USD pair (data source from Binance), a crucial bearish trend line with resistance close to $208 was broken.
  • Above $215 and $216, the pair can start to move in a bullish direction.

Binance Coin Price Eyes Fresh Increase

The price of BNB has significantly decreased recently after rising well above the $235 mark. Similar to Bitcoin and Ethereum, the price dropped below the $225 and $220 levels to enter a negative zone.

Even so, a rise occurred below the $212 level. It recently began an upside correction after testing the $202 region. The price rose above the $210 mark. On the 4-hour chart of the BNB/USD pair, there was also a break over a crucial negative trend line with resistance close to $208.

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The price may rise much further if there is a clear move above the $214 region. The 50% Fib retracement level of the decline from the $248 swing high to the $203 low, or a distance of $225, is the next significant barrier. A push above the $230 resistance may be more likely if the $225 resistance is closed above.

Another Decline in BNB?

BNB could begin another slide if it is unable to overcome the $214 resistance. Near $208 is where initial support on the downside is located.

Near $202, there is the next significant level of support. The price may fall toward the $200 support if there is a downward breach below the $202 support. Any additional losses might push the value closer to the $185 support.


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