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Binance Coin Price Prediction – September 21
The BNB/USD market appears to still have high momentum as the crypto trade finds support around the path of nostalgia to the north. Price traded between $264.30 and $270.90 in the last twenty-four hours. At the time of writing, the market price is at $269.90 with an average positive percentage of 1.35.
Binance Coin Price Statistics:
BNB price now – $267.75
BNB market value – 43.2 billion dollars
BNB circulation supply – 161.3 million
Total supply of BNB – 161.3 million
Coinmarketcap Rank – #5
Binance coin market
Key steps:
Resistance levels: $290, $310, $330
Support levels: $250, $230, $210
BNB / USD – daily chart
The daily chart shows that the BNB/USD market is finding support around the bullish trend line set below the trend lines of the SMAs. Since the 14-day SMA is at $280.10 and is below the 50-day SMA at $287.70, the two trends of the trading indicators are not too far apart from each other. Stochastic Oscillators moved south to the 20 range to place values at 31.62 and 24.26 range.
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Are there any chances that the BNB/USD market could be pushed to the $250 level?
Although the crypto finds support around the bullish trend line below the SMA trading indicators, there are chances that the BNB/USD market could push towards the $250 level for the last support finding. The emergence of a bullish candlestick around the designated bullish trend line or the value point in question will likely create a retracement or support movement that can successfully cross the resistances of the SMA trend lines.
On the opposite side of the technical analysis, the downward trend movement below the bullish trend line seen on the daily trading chart does not seem to have a smooth run. Given that assumption, short position traders should be wary of placing new sell position orders to avoid unnecessary bear traps. Below the 14-day SMA trend line, some lower lows may be formed in the coming days. However, sellers should not be eager to ride long on any moves that attempt to move downward thereafter.
BNB/BTC price analysis
Binance Coin is trending somewhat higher than Bitcoin’s purchasing power. The price of the cryptocurrency pair finds support around the buy signal side of the minor SMA trend line. The 50-day SMA indicator is below the 14-day SMA indicator. Stochastic Oscillators are trying to open their lines to the north from the 48.87 and 52.98 range prices. A smaller bearish candlestick shows that the base crypto is depreciating slightly around the minor SMA trend line. That means the pair’s crypto trade still needs some rest to build properly at the baseline before experiencing swing highs.
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