Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Binance Coin Price Prediction – $BNB reached Critical Area, What’s Next?

0
(0)

The price of the Binance Coin was supposed to drop below $330. However, prices kind of stabilized above that area. But how could things continue in the short term? What levels need to be broken for the Binance Coin price to drop to $200? Let’s tackle everything in this Binance coin price prediction article.

If you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.

Binance Coin price at Last Support

The Binance Coin price was able to find support at the $334 support. At this level, the price was able to bottom even during the crash. Next, the price could rally to $420 to confirm the broken support as resistance. Later, after testing $420, it could head back down towards $330. If we hold this level, we would expect the next move towards $420. If this breaks, we assume that the Binance Coin price could soon be $200.

>> CLICK HERE TO BUY BINANCE COIN <<

Binance coin price - BNB/USD 1-day chart showing the support levels of BNB
Fig.1 BNB/USD 1-day chart showing the support levels of BNB – TradingView

$BTC vs $BNB – Which Crypto will Perform Better?

The Binance Coin price against Bitcoin was able to rise sharply in 2021, like many other cryptocurrencies. But for a few weeks, the price has been in a sideways phase between the support 0.0075BTC and 0.012BTC. As the price recently confirmed the 0.012BTC resistance, we anticipate that the price could drop to around 0.075BTC in the near future.

BNB/BTC 1-week chart showing BNB getting weaker vs BTC
Fig.2 BNB/BTC 1-week chart showing BNB getting weaker vs BTC – TradingView

Furthermore, it is possible that price has formed a double top formation. If that is the case, the 0.075BTC support would have to break. The target would be around 0.004BTC. For the time being, we see this goal as rather unlikely.

You can purchase bitcoin on the  Binance ,  Coinbase ,  Kraken ,  and  Bitfinex crypto exchanges.

Binance Coin
© Cryptoticker

The post Binance Coin Price Prediction – $BNB reached Critical Area, What’s Next? appeared first on CryptoTicker.

Binance Coin Price Prediction – $BNB reached Critical Area, What’s Next?  

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

 

 

BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat