Binance Coin Price Prediction For Today May 23: BNB Faces $350 . Resistance

BNBUSD 22052022

After crossing the 9 and 21 day moving averages, Binance Coin price forecast is at the $350 resistance level.

Binance Coin Forecast Statistics:

Binance Coin Price Now – $329 Binance Coin Market Cap – $53.7 Billion Binance Coin Circulating Supply – 163.2 Million Binance Coin Total Stock – 163.2 Million Binance Coin Coinmarketcap Ranking – #4

BNB/USD market

Key Levels:

Resistance Levels: $400, $420, $440

Support Levels: $250, $230, $210

BNBUSD – Daily Chart

BNB/USD is currently trading at $329 after hitting the daily low of $316.9 and rising above the 21-day moving average. However, if the buyers were able to push the price above the $350 resistance level and the daily candlestick closes above this level, the price may rally towards the upper limit of the channel.

Binance Coin Price Prediction: Binance Coin Ready to Skyrocket

Looking at the daily chart, the 9 day moving average is trying to get above the 21 day moving average as Binance price is also close to the $350 resistance level meaning the buyers may gain the upper hand in the market . The Relative Strength Index (14) technical indicator is likely to rise above the 50 level with the signal line pointing upward to indicate a buy signal.

However, if buyers are able to push the price above the upper limit of the channel and the daily candlestick closes above this barrier, Binance Coin price could climb towards potential resistance levels of $400, $420 and $440 as it moves below the moving exceeding averages can take the coin to the supports at $250, $230 and $210 respectively.

BNB/BTC Market: Price Rising Up

Compared to Bitcoin, the coin is following a bullish wave and may swing high to move above the upper limit of the channel, which could find the resistance level of 1150 SAT and above. On the other hand, if the market price moves below the 9 and 21 day moving averages, it can reach the support level of 1000 SAT and below.

BNBBTC – Daily Chart

However, the Relative Strength Index (14) technical indicator is currently moving above the 60 level as the signal line points north to confirm the bullish move. Meanwhile, any further bullish move could bring additional gains above the channel.

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