Cryptocurrency

<div class="coinidol">
 <div class="info">
  <div class="news_info">
   Oct 31, 2023 at 07:21 // Price
  </div>
  <div class="author-box">
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
  </div>
 </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/d83/900_900_1/atmyc5xs8qxowdza3erl787vfv6382xm.jpg" width="900" height="563" alt="The price indicator predicts further upward movement of BNB" title="">
 <p><strong>BNB price has maintained its uptrend and has risen to retest the barrier at $232. Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> brought by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="bnb-price-long-term-forecast-bullish">BNB price long term forecast: bullish</h2>
 <p style="text-align: justify;"></p>
 <p style="text-align: justify;">The current uptrend is likely to be rejected as the bullish momentum continues. BNB is approaching the resistance at $237 and the price indicator predicts further upward movement of the cryptocurrency. BNB is expected to rise to the high of $249.70 if the current resistance level is broken. However, if the bullish scenario is invalidated, BNB will fall above the breakout level of $220. The altcoin will start its movement between $220 and $240. At the time of writing, the altcoin is trading at $228.60.</p>
 <p style="text-align: justify;"></p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB indicator reading</h2>
 <p style="text-align: justify;"></p>
 <p style="text-align: justify;">On October 26, BNB recorded a bullish crossover when the 21-day SMA crossed above the 50-day SMA.&nbsp;On the lower time frame, the price bars fluctuate below and above the 21-day SMA. This indicates a sideways movement for the cryptocurrency.</p>
 <p style="text-align: justify;"><img width="861" alt="BNBUSD (Daily Chart) – OCT. 30.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/31/37225b000ca9fca13076ac0c69729862.webp" height="581" title="BNBUSD (Daily Chart) – OCT. 30.23.jpg"><br></p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators:</h3>
 <p style="text-align: justify;"></p>
 <p style="text-align: justify;"><b>Key resistance levels – $300, $350, $400 </b></p>
 <p style="text-align: justify;"><b> </b></p>
 <p style="text-align: justify;"><b> Key support levels – $200, $150, $100</b></p>
 <p style="text-align: justify;"></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;"></p>
 <p style="text-align: justify;">Since October 24, the price of BNB has been oscillating below the resistance level of $232.&nbsp; Buyers will have a hard time breaking through the $232 and $237 resistance levels. Nevertheless, analysts believe that the cryptocurrency will continue to rise.</p>
 <p style="text-align: justify;"><img width="861" alt="BNBUSD (4 Hour Chart) – OCT. 30.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/31/314b3b37f8e348afd5e0a3dda18b94f4.webp" height="581" title="BNBUSD (4 Hour Chart) – OCT. 30.23.jpg"><br></p>
 <p style="text-align: justify;">As we reported on October 27, on October 23, the price of the cryptocurrency rose above the moving average lines and broke above the resistance level of $220. The cryptocurrency value rose to a high of $237.60 before falling back.&nbsp;</p>
 <p style="text-align: justify;"></p>
 <p style="text-align: justify;"><i><span style="color: #a0a0a0;"><b>Disclaimer.</b> 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>
 <p style="text-align: justify;"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bnb-trades-sideways-and-approaches-the-high-at-232-tbt68469.html">https://thebittimes.com/bnb-trades-sideways-and-approaches-the-high-at-232-tbt68469.html</a></p>

BNB Trades Sideways And Approaches The High At $232

Table of Contents

TheBitTimes

Other articles published on Oct 31, 2023

XRP Healthcare Enters Dubai, Partners Burnratty Investment Group for IPO

Valkyrie Amends Bitcoin ETF Application

10 Best Crypto Exchanges for Day Trading in 2023

Increasing Money Supply Could Lead to a New Rally in the Crypto Sector, Says Real Vision CEO

Grayscale Bitcoin ETF Filing Back in the SEC’s Radar for November 2nd Decision!

Ethereum Dominates 76% of Crypto TVL: Impact on ETH Price

Join our free newsletter for daily crypto updates!