Cryptocurrency

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   Nov 24, 2023 at 08:15 // 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/1b6/900_900_1/0teco81l78opfmeqkx3tipz6eabufitj.jpg" width="900" height="563" alt="" title="">
 <p><strong>Binance (BNB) coin price falls but is trapped between moving average lines. Cryptocurrency 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-prediction-bearish">BNB price long term prediction: bearish</h2>
 <p style="text-align: justify;">After reaching a high of $274 on November 21, Binance coin price fell below the moving average lines. The price has returned above the 50-day simple moving average but remains trapped between the moving average lines. The upward movement is currently encountering resistance at $240. On the negative side, if the altcoin declines and falls below the 50-day SMA, the market will fall further. BNB will then fall to the previous price range between $203 and $223.</p>
 <p style="text-align: justify;">In the meantime, the altcoin is still trading between the moving average lines with a high of $235.20.</p>
 <h2 style="text-align: justify;" id="bnb-indicator-reading">BNB indicator reading</h2>
 <p style="text-align: justify;">The price of BNB is falling, but the price bars are still between the moving average lines. The cryptocurrency is expected to oscillate between the moving average lines for a few days. The moving average lines on the 4-hour chart 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) –NOV. 23.jpg" src="https://cdn.thebittimes.com/images/2023/11/24/9b28ae8fca03174d9acd6f098408290d.webp" height="523" title="BNBUSD (Daily Chart) –NOV. 23, 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;">BNB is in a downtrend and could start a sideways movement. If the moving average lines remain unbroken, the cryptocurrency will start a move between these lines. Breaking the 50-day SMA or the 21-day SMA will determine BNB's next path.</p>
 <p style="text-align: justify;">Last week the price of Binance coin entered a sideways trend after the uptrend ended on November 6. Due to the barrier at $256, buyers had made four unsuccessful attempts to resume the current rise, as reported by Coinidol.com on November 17.</p>
 <p style="text-align: justify;"><img width="1024" alt="BNBUSD (4 hour Chart) –NOV. 23.jpg" src="https://cdn.thebittimes.com/images/2023/11/24/d8ca9016fff3be0d75ea8804eda269b7.webp" height="523" title="BNBUSD (4 hour Chart) –NOV. 23, 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 their research before investing in funds.&nbsp;</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bnb-oscillates-in-a-range-but-faces-a-drop-to-220-tbt71482.html">https://thebittimes.com/bnb-oscillates-in-a-range-but-faces-a-drop-to-220-tbt71482.html</a></p>

BNB Oscillates In A Range But Faces A Drop To $220

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TheBitTimes

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