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   Nov 03, 2023 at 11:34 // 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/c93/900_900_1/q7qcnoeluek13jhe56ejcgpni7c3te81.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of the Binance (BNB) coin has been moving higher over the past week, but a barrier above $235 has halted its growth.</strong></p>
 <h2 style="text-align: justify;" id="bnbprice-long-term-prediction-bullish">BNB&nbsp;Price Long Term Prediction: Bullish</h2>
 <p style="text-align: justify;">The bulls have been beaten back and the price of Binance coin faced the $235 resistance level between October 23 and November 2. This has caused the altcoin to fall and find support above the $220 breakout level. On the upside, if buyers break the barrier above $235, the crypto asset is likely to reach a high of $250.</p>
 <p style="text-align: justify;">Nonetheless, BNB is currently trading in a range between $220 and $235 as buyers rally to extend the uptrend. Should the bears break the $220 support, the market would return to its previous range of $203 to $220. At the time of writing, BNB is trading at $231.70.</p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (Daily Chart) –NOV. 2.jpg" src="https://cdn.thebittimes.com/images/2023/11/03/11dc1189edbf5ef34eade11ce35a7bf5.webp" height="564" title="BNBUSD (Daily Chart) –NOV. 2, 2023"><br></p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB Indicator Reading</h2>
 <p style="text-align: justify;">On the lower time frame, BNB price bars have retraced above the moving lines with the tail of the extended candle pointing to the 21-day SMA or the low of $227. A candlestick with a long tail indicates strong buying at a lower price level. In addition, the moving average lines run horizontally in different directions. Consequently, the sideways movement will continue.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators:</h3>
 <p style="text-align: justify;">Key resistance levels – $300, $350, $400</p>
 <p style="text-align: justify;">Important support levels – $200, $150, $100</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 is again moving sideways between $220 and $235 as buyers have failed to break the resistance at $235. The price could continue to rise and retest the resistance as long as it remains above the moving average lines.</p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (4 hour Chart) –NOV. 2.jpg" src="https://cdn.thebittimes.com/images/2023/11/03/271a63e91b5a7117b236efef2f84be40.webp" height="564" title="BNBUSD (4 hour Chart) –NOV. 2, 2023"><br></p>
 <p style="text-align: justify;">On October 31, Coinidol.com reported that the previous uptrend was expected to be rejected, BNB was approaching the resistance at $237.</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-moves-sideways-and-fails-at-the-235-barrier-tbt68983.html">https://thebittimes.com/bnb-moves-sideways-and-fails-at-the-235-barrier-tbt68983.html</a></p>

BNB Moves Sideways And Fails At The $235 Barrier

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