Binance Coin Price Prediction for Today, November 23 – BNB Technical Analysis

The Binance Coin price prediction is consolidated in the form of a flag, like a bull above the upper border of the channel.

Binance Coin prediction statistical data:

• Current Binance Coin Price – $262
• Binance Coin market cap – $35.5 billion
• Binance Coin Circulating Volume – 151.6 million
• Binance Coin total supply – 151.6 million
• Binance Coin CoinMarketCap Ranking – 4th

BNB/USD Market

Main level:

Resistance levels: $280, $290, $300

Support levels: $235, $225, $215

BNB/USD bulls dominate the daily price chart following a bullish move within the current channel, with the price surging above the channel upper limit. Meanwhile, looking at the chart, the coin is currently showing a bullish movement as trading volume increases.

Binance Coin Price Prediction: BNB Price Heads North

Binance Coin price appears to be crossing the upper boundary of the channel and reaching the resistance level of $274. Meanwhile, a successful closing of the channel could accelerate gains and cause the price to surge towards the resistance level of $275. However, further bullish movement could lead the price towards resistance levels of $280, $290, and $300.

On the other hand, if Binance Coin starts a downward correction, it may find support near the $245 level. The first major support is near the $240 level, where the bulls are likely to take a stance. However, if the price falls near the lower border of the channel, continued weakness could push the market towards important support levels at $235, $225, and $215, respectively.

BNB/BTC Faces Downsides

Compared to Bitcoin, Binance Coin’s trend is still in the long-term downtrend and it is trading at 7155 SAT. Meanwhile, the coin is currently showing a bearish trend and if the coin falls below the 9-day and 21-day moving averages, it is likely to reach support levels below 6200 SAT.

However, if the bulls hold the price very well and hold it, traders can expect the coin to rise above the upper boundary of the channel. The closest resistance level in the market right now can be found above 7800 SAT as the 9-day MA crosses above the 21-day MA.

Alternatives to Binance Coin

According to the daily chart, Binance Coin has recently shown a notable upward trend, surging above the $274 resistance level. Despite the current upward pressure, BNB/USD is likely to surpass the channel cap in the future, especially if buyers step up their efforts. The long-term outlook appears optimistic.

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