Token

2024

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   Jan 19, 2024 at 11:00 // 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/324/900_900_1/a97znf3ppmo9s2kyhy5dy1zpablkh10j.jpg" width="900" height="563" alt="" title="">
 <p><strong>The Binance Chain Native Token (BNB) price has been in a sideways trend since the end of its uptrend on December 23, 2023.<br> </strong></p>
 <h2 style="text-align: justify;" id="bnb-price-long-term-prediction-range">BNB price long term prediction: range</h2>
 <p style="text-align: justify;">On December 23, 2023, the BNB price rose to a high of $338 before being pushed back. Buyers were unable to sustain the positive momentum above the $340 peak. As a result, BNB was forced to trade sideways in the $290 to $320 price range. Doji candles, which have a small body and are indecisive, have slowed price action for more than two weeks. These candles show traders' indifference to market direction.</p>
 <p style="text-align: justify;">On the upside, candlestick wicks point to the recent high, indicating strong selling pressure near the $340 level. BNB will fall above the $280 support or the 50-day SMA if the 21-day SMA is breached. The value of BNB today is $312.30.</p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB indicator reading</h2>
 <p style="text-align: justify;">The price bars are above the upward moving average lines. The price action has remained static above the moving average lines. On the 4-hour chart, the moving average lines are sloping horizontally, indicating a sideways trend.</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) –Jan..18.jpg" src="https://cdn.thebittimes.com/images/2024/01/19/3b44b2caa9b1a22de2ace6a6d5336a56.webp" height="491" title="BNBUSD (Daily Chart) –Jan.18, 2024"><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;">On the 4-hour chart, BNB is trading in a narrow range of $290 to $320. The price of the cryptocurrency encountered resistance at $320 before slipping between the moving average lines. The bottom line is that BNB will continue to fluctuate within its range.</p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (4 -Hour Chart) –Jan.18.jpg" src="https://cdn.thebittimes.com/images/2024/01/19/06af70d84344f15c6f74223a50fff0f6.webp" height="491" title="BNBUSD (4 -Hour Chart) – Jan.18,2024"><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/bnb-price-remains-stationary-and-consolidates-above-320-tbt77108.html">https://thebittimes.com/bnb-price-remains-stationary-and-consolidates-above-320-tbt77108.html</a></p>

BNB Price Remains stationary And Consolidates Above $320

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TheBitTimes

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