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   Oct 20, 2023 at 08:30 // 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/9e0/900_900_1/7u21v50zjxxsuvzej7f1wihblj5enx0h.jpg" width="900" height="563" alt="" title="">
 <p><strong>Binance coin (BNB) price has retreated below the moving average lines after being rejected from the previous high. Binance coin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
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 <h2 style="text-align: justify;" id="bnb-price-long-term-forecast-bearish">BNB Price Long Term Forecast: Bearish</h2>
 <p style="text-align: justify;">The decline has stalled after BNB hit a low of $208. The altcoin is trading at $210.50 at the time of writing. The rejections have been occurring since the price dropped on August 17. After each rejection, a candle with a long wick appears pointing up. This indicates that BNB is under heavy selling pressure at higher price levels.</p>
 <p style="text-align: justify;">For example, resistance at $220 limits the upside. On the downside, BNB has remained above the $200 level. Long downward candlestick tails indicate significant buying pressure at lower price levels. Currently, BNB's price range is limited to $200 to $213.</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="988" alt="BNBUSD (Daily Chart) – OCT. 19 (1).jpg" src="https://cdn.thebittimes.com/images/2023/10/20/7c6c73d0562bd520582415d32653d72a.webp" height="518" title="BNBUSD (Daily Chart) – OCT. 19, 2023"><br></p>
 <h2 style="text-align: justify;" id="binance-coin-indicator-display">Binance Coin Indicator Display</h2>
 <p style="text-align: justify;">After the recent price decline, the BNB price bars are below the moving average lines. This indicates a further decline in the cryptocurrency value. The market has reached the oversold zone in this situation. On the 4-hour chart, the BNB price is between the moving average lines. This explains why the altcoin is expected to trend sideways for a few days.</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 move sideways again if it stays above the $208 support level. BNB is likely to fluctuate in the lower time frame as it is trapped between the moving average lines. However, the price indication predicts a further decline to a low of $203. On the downside, selling pressure will resume if the bears break the $208 support.</p>
 <p style="text-align: justify;">On October 12, Coinidol.com reported that BNB prices have remained stable as selling pressure has reached bearish exhaustion.</p>
 <p style="text-align: justify;"><img width="988" alt="BNBUSD (4 Hour Chart) – OCT. 19 (1).jpg" src="https://cdn.thebittimes.com/images/2023/10/20/cf8d574da264ceb0e0b585da3734dd75.webp" height="518" title="BNBUSD (4 Hour Chart) – OCT. 19, 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.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bnb-halts-above-208-as-it-makes-positive-moves-tbt67117.html">https://thebittimes.com/bnb-halts-above-208-as-it-makes-positive-moves-tbt67117.html</a></p>

BNB Halts Above $208 As It Makes Positive Moves

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