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   Dec 14, 2023 at 13:17 // 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/623/900_900_1/kmaczu5wdibq25y019rrnxinpkblmb19.jpg" width="900" height="563" alt="" title="">
 <p><strong>The bulls have repeatedly tested the $260 resistance but have yet to continue their uptrend. Binance coin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.<br> </strong></p>
 <h2 style="text-align: justify;" id="binance-coin-price-long-term-forecast-bullish">Binance coin price long-term forecast: bullish</h2>
 <p style="text-align: justify;">Binance (BNB) coin price rose to a high of $257.10 on December 12 before falling again. The cryptocurrency will either pull back above or below the moving average lines. The price has been moving like this since July 14.</p>
 <p style="text-align: justify;">BNB/USD has struggled to continue its uptrend over the past four months as higher rallies have been nipped in the bud by overhead resistance at $260. A break above this barrier will signal the start of a new upswing. The price is expected to remain in the uptrend zone until it reaches the $300 level.</p>
 <p style="text-align: justify;">BNB is currently trading in a price range of $220 to $260. If the bears break through the $220 support level, BNB will fall on the downside. As a result, the value of the altcoin will fall to a low of $203.</p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB indicator reading</h2>
 <p style="text-align: justify;">The price bars have returned above the moving average lines since November 6. This will allow the altcoin to retest the overhead resistance of $260. A sustained retest of the recent high will weaken the $260 resistance. The moving average lines are pointing upwards due to the uptrend.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators:</h3>
 <p style="text-align: justify;"><b>Key resistance levels – $300, $350, $400</b></p>
 <p style="text-align: justify;"><b>Key support levels – $200, $150, $100</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="BNBUSD (Daily Chart) –Dec.14.jpg" src="https://cdn.thebittimes.com/images/2023/12/15/0edaf3e5c8a77e4ea0b18fcb48168f1a.webp" height="491" title="BNBUSD (Daily Chart) –Dec.14, 202"><br> </b></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;">BNB/USD will continue to trade sideways as long as the overhead resistance at $260 remains intact. The price of the cryptocurrency has retraced and is now hovering above the support level of $249. The altcoin will resume trading if the current retracement above the moving average lines holds.</p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (4-hour Chart) –Dec.14.jpg" src="https://cdn.thebittimes.com/images/2023/12/15/4b2406681c55089f23ef2dac291dca44.webp" height="491" title="BNBUSD (4-hour Chart) –Dec.14, 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 the 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/binance-coin-holds-above-245-and-retests-the-high-at-260-tbt73722.html">https://thebittimes.com/binance-coin-holds-above-245-and-retests-the-high-at-260-tbt73722.html</a></p>

Binance Coin Holds Above $245 And Retests The High At $260

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