Coin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The cryptocurrency market might need time to accumulate energy for a further move, according to <a href="https://u.today/xrp-price-analysis-for-november-21" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="40fba8ab-2efd-440b-838b-cfa3806dde54" src="https://u.today/sites/default/files/inline-images/top10_789.png">BNB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
The rate of Binance Coin (BNB) has fallen by almost 7% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="a88da989-eaf1-4ab7-b27e-34a2ed1bb5a5" src="https://u.today/sites/default/files/inline-images/bnb1_59.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BNB is in the middle of the local channel, between the support of $227.7 and the resistance of $238.5. As most of the daily ATR has been passed, there are low chances to see any sharp moves today. <img data-entity-type="file" data-entity-uuid="9801a89a-b5e2-4761-a05e-a52a8bced5ad" src="https://u.today/sites/default/files/inline-images/bnb2_58.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the situation is not clear yet as the rate is far from the key levels. At the moment, one should focus on the nearest zone of $220.
If sellers break it, the decline may continue to the $200-$210 range soon. <img data-entity-type="file" data-entity-uuid="1dd1b5bf-9dbf-4a3f-afc5-f77cb34b15e7" src="https://u.today/sites/default/files/inline-images/bnb3_58.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the price of BNB has made a false breakout of the resistance of $261.7. If the bar closes near current prices, one may expect a further downward move to $220.
BNB is trading at $232.6 at press time.

Binance Coin (BNB) Price Analysis for November 22

Table of Contents

U_Today

Other articles published on Nov 22, 2023

Genesis vs. Gemini: New Twist in Cryptocurrency Controversy

Binance CEO Changpeng Zhao Resigns Amidst Historic $4.3 Billion SEC Settlement

Will CZ face prison time after pleading guilty to laundering charges?

Navigating the Ethical Terrain of AI in Event Organizing: Insights from a Recent Survey

Bitcoin’s Open Interest Continues To Surge Despite Binance’s Setback! Will Bears Trap BTC Price?

BTC price bounces 3% post Binance amid call for Bitcoin bulls to 'step in'

Join our free newsletter for daily crypto updates!