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   Nov 17, 2023 at 08:55 // 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/fe8/900_900_1/cnsfzo0zzm6kj7hsx623tpipg2ukfzwh.jpg" width="900" height="563" alt="" title="">
 <p><strong><a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the Binance (BNB) coin price by Coinidol.com. BNB is trading at $254.</strong></p>
 <h2 style="text-align: justify;" id="binance-coin-price-long-term-prediction-bullish">Binance coin price long term prediction: bullish</h2>
 <p style="text-align: justify;">The price of Binance coin&nbsp;has entered a sideways trend after the uptrend ended on November 6. Due to the barrier at $256, buyers have made four unsuccessful attempts to resume the current rise.</p>
 <p style="text-align: justify;">The bulls are currently retesting the resistance level in order to break through it. If the bulls prevail, the market will rise to a high of $280. If the bullish scenario is broken, BNB will remain in its current price range. The cryptocurrency will trade between $242 and $256. If the range is broken, BNB will go long.</p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB indicator reading</h2>
 <p style="text-align: justify;">On November 14, BNB fell sharply but recovered and traded above the 21-day SMA. The tail of the long candle is below the 21-day simple moving average, indicating strong buying at lower price levels. The price bars have returned above the moving average lines, indicating an impending uptrend.</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="1024" alt="BNBUSD (Daily Chart) –NOV. 16.jpg" src="https://cdn.thebittimes.com/images/2023/11/17/bd712557b1b085fd9f9e36b9383b9206.webp" height="529" title="BNBUSD (Daily Chart) –NOV. 16, 2023"><br></p>
 <h2 id="p-style-text-align-justify-what-is-the-next-direction-for-bnb-usd-p"><p style="text-align: justify;">What is the next direction for BNB/USD?</p></h2>
 <p style="text-align: justify;">This is the fourth rejection of the current high, so it seems doubtful that BNB will rise above $256 again. The altcoin's downtrend is likely to continue as long as it remains above the moving average lines.</p>
 <p style="text-align: justify;">After rejecting the recent high, the altcoin is backtracking. The price fluctuations in BNB will continue.</p>
 <p style="text-align: justify;">Coinidol.com reported on November 9 that BNB/USD was moving between $235 and $255.&nbsp;&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (4 hour Chart) –NOV. 16.jpg" src="https://cdn.thebittimes.com/images/2023/11/17/1e34a01b9323726c96099ff45ced9242.webp" height="529" title="BNBUSD (4 hour Chart) –NOV. 16, 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-faces-price-volatility-and-encounters-rejection-at-256-tbt70669.html">https://thebittimes.com/bnb-faces-price-volatility-and-encounters-rejection-at-256-tbt70669.html</a></p>

BNB Faces Price Volatility And Encounters Rejection At $256

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