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.
#BTC @GarethSoloway @SantiagoAuFund @PortfolioXpert #Bitcoin #Crypto #USDollar #Ethereum #BNB #blockchain #cryptocurrency At long last… the Weekly MACD Death Cross has arrived for BTC. For those who follow my work, remain calm. Enjoy the fireworks that are about to start. pic.twitter.com/wKVbaSXAow
— MajorCycles (@Major_Cycles) May 22, 2023
- 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.
Bitcoin Eyes Fresh ATH, Ethereum and Altcoins Show Positive Signs: BNB, ADA, litecoin, and XRP price. Binance Coin (BNB) is consolidating above the USD 272 support level. It seems like BNB is setting up for a fresh rally … https://t.co/4jWtLK8B02 #binance #bnb
— Yuki Eliot (@yuki_binance) March 12, 2021
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.
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.
Yesterday, I got a couple of decline notifications and I tried to top-up. This error came up despite having a funded wallet.
Today, my card was deleted and I created another but still can’t fund. Please don’t give me templated response. (1/2) pic.twitter.com/Lb9pMgoX25
— Ξleazer (@afrohaze) August 22, 2023
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.