2024

Coin

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   Jan 04, 2024 at 12:11 // 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/c8a/900_900_1/wauxvanntzz1a094qu7bw285mnliovca.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Binance Chain Native Coin (BNB) rose to a high of $338, but then fell back above the support level of $307. BNB price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="bnb-price-long-term-forecast-bullish">BNB price long-term forecast: bullish</h2>
 <p style="text-align: justify;">The altcoin has stabilized above the moving average lines and the $300 support since December 29. The extended wick and tail of the doji candle on January 3 indicate that buyers and sellers are undecided about the direction of the market.&nbsp;</p>
 <p style="text-align: justify;">The current value of BNB&nbsp;is $317.30 (as of January 4, 2023). However, as long as the doji candlesticks determine the price action, the current price level will remain unchanged. As the altcoin is trading in the uptrend zone, there is also the possibility that it will rise.</p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB indicator reading</h2>
 <p style="text-align: justify;">After the current rally, the price bars are well above the moving average lines. The price bars and the moving average lines on the 4-hour chart are sloping horizontally after the end of the uptrend. In addition, a small, indecisive candle, a so-called doji, dominates the price movement.</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</b><b>, $100</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="BNBUSD (Daily Chart) –Jan.04.jpg" src="https://cdn.thebittimes.com/images/2024/01/04/b20614b577b825551e1c63aa4d22d794.webp" height="491" title="BNBUSD (Daily Chart) – Jan.04, 2023"><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;">The price of Binance Coin is moving in a range between $310 and $330. Doji candlesticks have slowed down the price movement. The moving average lines are followed by the tails of the candlesticks and the wicks above them. This suggests that traders are unsure of the direction of the market.<br></p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (4 -Hour Chart) –Jan.04.jpg" src="https://cdn.thebittimes.com/images/2024/01/04/390891b387d01cae9a47855aa9260593.webp" height="491" title="BNBUSD (4 -Hour Chart) – Jan.04, 2024"><br></p>
 <p style="text-align: justify;">On December 29, 2023, Coinidol.com reported that BNB was approaching its target price of $340.It was predicted that the cryptocurrency will be rising when it breaks through early resistance levels.&nbsp;</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/bnb-price-pulls-back-over-300-as-traders-are-undecided-tbt75605.html">https://thebittimes.com/bnb-price-pulls-back-over-300-as-traders-are-undecided-tbt75605.html</a></p>

BNB Price Pulls Back Over $300 As Traders Are Undecided

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