Cryptocurrency

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   Aug 26, 2023 at 09:23 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/ad3/900_900_1/wivrr2uciylg40jlrj2hbgxd7ii3b7b2.jpg" width="900" height="563" alt="The BNB price is correcting upwards" title=""> 
 <p><strong>Cryptocurrency price <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> brought by Coinidol.com. The BNB price has fallen below the previous low of the cryptocurrency. </strong></p> 
 <h2 style="text-align: justify;" id="bnb-price-long-term-forecast-bearish">BNB price long term forecast: bearish </h2> 
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 <p style="text-align: justify;"> During the recent decline, the altcoin was expected to reach a low of $196.70. According to the price action, BNB has fallen to a low of $203 as the bulls bought the dips. If the current support is broken, the market will fall to the 1.272 Fibonacci extension or $196.70. </p> 
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 <p style="text-align: justify;"> The bears broke the previous low of $220 and hit a new low of $203. Today, the cryptocurrency price is correcting upwards, although it is facing resistance above the high of $220. If BNB is rejected at the current high, it will be forced to trade in a range. At the time of writing, the altcoin is worth $216. </p> 
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 <h2 style="text-align: justify;" id="bnb-indicator-display"> BNB indicator display </h2> 
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 <p style="text-align: justify;"> The altcoin is correcting upward while exceeding the Relative Strength Index Level 36 for the period 14. Despite the recent upswing, the cryptocurrency remains in a gloomy trend. As the daily stochastic exceeds the level of 50, the cryptocurrency is rising. The altcoin is moving within a certain range, with the upward momentum experiencing resistance near the recent high. </p> 
 <p style="text-align: justify;"> <img width="1024" alt="BNBUSD_(Daily Chart) – AUG. 25.23.jpg" src="https://cdn.thebittimes.com/images/2023/08/26/662fd19d667b0096cd6e9b37f06d3e08.webp" height="570" title="BNBUSD_(Daily Chart) – AUG. 25.23.jpg"><br> </p> 
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 <h3 style="text-align: justify;" id="technical-indicators"> Technical Indicators: </h3> 
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 <p style="text-align: justify;"> <b>Key resistance levels – $300, $350, $400 </b> </p> 
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 <p style="text-align: justify;"> <b> Key support levels – $200, $150, $100</b> </p> 
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 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-bnb-usd"> What is the next direction for BNB/USD? </h2> 
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 <p style="text-align: justify;"> After its recent decline, BNB is now trading sideways below the $220 resistance level. The recent high is limiting the upside movement. The market will most likely oscillate between $200 and $220. On the downside, buyers will be attracted if the current $200 support level is breached. </p> 
 <p style="text-align: justify;"> <img width="1024" alt="BNBUSD_(4 Hour Chart) – AUG.25.23.jpg" src="https://cdn.thebittimes.com/images/2023/08/26/6267b83729d82f8a248c20a61fd7eb6c.webp" height="570" title="BNBUSD_(4 Hour Chart) – AUG.25.23.jpg"><br> </p> 
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 <p style="text-align: justify;"> On August 19, 2023 cryptocurrency analytics specialists of Coinidol.com stated that according to the price indicator, the cryptocurrency asset has fallen below the current support level of $220 and may fall further. </p> 
 <p> BNB completed a downward correction to the upside on June 12 and a candlestick tested the 78.6% Fibonacci retracement line.&nbsp; </p> 
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 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer. This <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are 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.</span></i> </p> 
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BNB Faces Further Rejections At $220 As It Enters A New Range

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