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<img width="2710" height="1454" src="https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55.png" class="attachment-full size-full wp-post-image" alt="Binance Coin price prediction chart" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55.png 2710w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
Binance Coin price prediction: The crypto market is bullish considering the largest crypto, Bitcoin is up 2% to 42,322, Ethereum is up 1.2% to $2,187 while&nbsp;<a href="https://coingape.com/price/binance-coin/">Binance Coin (BNB)</a>&nbsp;emerges as one of the biggest gainers, up 5% to $250. 
Although growing optimism for the possible approval of&nbsp;<a href="https://coingape.com/7rcc-files-first-esg-focused-spot-bitcoin-etf-with-gemini-as-custodian/?utm_source=24hrsupdatebitcoin">BTC spot exchange-traded funds (ETFs)</a>&nbsp;in January continues to drive crypto prices, investors are on the edge amid the uncertainty surrounding pre-approval sell-off or rally. 
As for&nbsp;<a rel="nofollow" href="https://www.coingecko.com/en/coins/bnb">Binance Coin</a>, the path with the least resistance seems to be on the upside, especially with support at $250 secured. 
Recommended for you:&nbsp;<a href="https://coingape.com/markets/ethereum-price-poised-for-blastoff-10-breakout-in-sight-but-eth-uptrend-faces-a-crucial-test/">Ethereum Price Poised for Blastoff? 10% Breakout in Sight, But ETH Uptrend Faces a Crucial Test</a> 
<h2 class="p1" id="binance-coin-price-prediction-bnb-starts-20-climb-to-300">Binance Coin Price Prediction: BNB Starts 20% Climb To $300</h2> 
Binance Coin holds above crucial levels, as highlighted by three applied MAs, starting with the 50-day Exponential Moving Average (EMA) (in red) currently at $237, and the confluence support created by the 20-day EMA (in blue) and the 200-day EMA (in purple). 
After springing from the horizontal ray support backed by the 50-day EMA, BNB climbed above the descending trendline resistance, accentuating the bullish theory. 
<figure id="attachment_170237" aria-describedby="caption-attachment-170237" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-170237" src="https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55.png" alt="Binance Coin price prediction chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55.png 2710w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/BNBUSD_2023-12-19_18-30-55-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-170237" class="wp-caption-text">
 Binance Coin price prediction chart | Tradingview
 </figcaption>
</figure> 
Traders are likely to be encouraged to buy into BNB knowing that the toughest hurdle at $250 is out of the way and the next breakout above the yellow band on the chart is around the corner. 
A successful retest of the yellow resistance could be a game changer for the bulls, who see Binance Coin rising to $300 before 2024. Traders should consider taking profits while BNB rises, keeping in mind potential snarl-ups at $260 and $280. 
A buy signal from The Moving Average Convergence Divergence (MACD) indicator reinforces the bullish thesis as it rises above the neutral line (0.00). This shows that buyers have the upper hand and are likely to keep providing Binance Coin with the tail force to sustain the uptrend. 
In Comparison, investors interested in top exchange tokens may want to know that Uniswap (UNI), the token powering the decentralized exchange (DEX) Uniswap, has since the year performed better than BNB. 
<figure id="attachment_170238" aria-describedby="caption-attachment-170238" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-170238" src="https://coingape.com/wp-content/uploads/2023/12/chart-1.png" alt="Binance Coin price prediction chart vs Uniswap" width="1200" height="800" srcset="https://coingape.com/wp-content/uploads/2023/12/chart-1.png 1200w, https://coingape.com/wp-content/uploads/2023/12/chart-1-300x200.png 300w, https://coingape.com/wp-content/uploads/2023/12/chart-1-768x512.png 768w, https://coingape.com/wp-content/uploads/2023/12/chart-1-150x100.png 150w, https://coingape.com/wp-content/uploads/2023/12/chart-1-272x182.png 272w" sizes="(max-width: 1200px) 100vw, 1200px">
 <figcaption id="caption-attachment-170238" class="wp-caption-text">
 Binance Coin price prediction chart vs Uniswap | Tradingview
 </figcaption>
</figure> 
According to Coingape’s price tool, an investment made in UNI would have increased by 110% compared to BNB’s 95%. Therefore, when choosing between exchange tokens, it may be prudent to align goals with UNI as opposed to Binance Coin, however, individually they are good projects to buy, especially ahead of the anticipated bull run in 2024. 
<h3 class="p1" id="related-articles">Related Articles</h3> 
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 <li class="p2"><a href="https://coingape.com/markets/shiba-inu-price-prediction-should-you-enter-shib-at-0-00001/">Shiba Inu Price Prediction: Should you Enter $SHIB at $0.00001 Dip?</a></li> 
 <li class="p2"><a href="https://coingape.com/markets/crypto-price-prediction-today-december-19-woo-icp-ada/">Crypto Price Prediction For December 19: WOO, ICP, ADA</a></li> 
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The post <a href="https://coingape.com/markets/binance-coin-price-prediction-250-support-secured-can-bnb-conquer-a-20-climb/">Binance Coin Price Prediction: $250 Support Secured, Can BNB Conquer a 20% Climb?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Binance Coin Price Prediction: $250 Support Secured, Can BNB Conquer a 20% Climb?

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