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   Oct 06, 2023 at 08:09 // 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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 </div> <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/65b/900_900_1/kajxicou09njeoaru20j67qqgi010ssf.jpg" width="900" height="563" alt="BNB has remained unchanged and is moving in the same direction" title="">
 <p><strong>The price of the Binance coin (BNB) has remained unchanged and is moving in the same direction above the $200 support.</strong></p>
 <h2 style="text-align: justify;" id="binance-coin-price-long-term-forecast-bearish">Binance Coin Price Long Term Forecast: Bearish</h2>
 <p style="text-align: justify;">Binance coin recovered and crossed the moving average lines on September 28,as Coinidol.com reported before. The high of $221.60 marked the end of the uptrend. BNB is now in the range bound zone. At the time of writing, the altcoin is worth $212.60.</p>
 <p style="text-align: justify;">BNB is moving back towards its previous range as it retraces. If the altcoin returns to the crucial support level at $203, it will resume the range bound movement and rally.</p>
 <h2 style="text-align: justify;" id="bnb-bnb-indicator-reading">BNB (BNB) Indicator Reading&nbsp;</h2>
 <p style="text-align: justify;">The BNB price bars are now below the moving average lines as a result of the recent decline. This will lead to a further decline in the value of the cryptocurrency. However, the doji candlesticks have slowed down the price movement. The horizontal tilting of the moving average lines indicates a sideways trend.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators:</h3>
 <p style="text-align: justify;">Key resistance levels – $300, $350, $400<br> Key support levels – $200, $150, $100</p>
 <p style="text-align: justify;"><img width="980" alt="BNBUSD (Daily Chart) – OCT. 5.jpg" src="https://cdn.thebittimes.com/images/2023/10/06/31463b9c536feb3160b6661eaa802cc8.webp" height="547" title="BNBUSD (Daily Chart) – OCT. 5, 2023"><br></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-bnb-usd">What is the next direction for BNB/USD?</h2>
 <p style="text-align: justify;">Binance Coin will continue to move sideways as the high at $220 was rejected. Buyers have unsuccessfully tried four times to break the resistance at $220. If the buyers manage to break the barrier at $220, the current trading range will collapse.</p>
 <p style="text-align: justify;">Nevertheless, buyers have continuously defended the existing support at $200. The longer candle tails indicate strong buying at lower price levels.</p>
 <p style="text-align: justify;"><img width="980" alt="BNBUSD (4 Hour Chart) – OCT. 5.jpg" src="https://cdn.thebittimes.com/images/2023/10/06/4ebc17f9a2baa207136be6cc0ef7647d.webp" height="547" title="BNBUSD (4 Hour Chart) – OCT. 5, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" 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.&nbsp;</span></i><br></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-coin-price-retraces-to-previous-level-after-rejection-at-220-tbt65356.html">https://thebittimes.com/binance-coin-price-retraces-to-previous-level-after-rejection-at-220-tbt65356.html</a></p>

Binance Coin Price Retraces To Previous Level After Rejection At $220

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