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

After breaking above the 9-day and 21-day shifting averages, the Binance Coin value prediction faces the resistance stage of $350.

Binance Coin Prediction Statistics Data:

  • Binance Coin value now – $329
  • Binance Coin market cap – $53.7 billion
  • Binance Coin circulating provide – 163.2 million
  • Binance Coin complete provide – 163.2 million
  • Binance Coin Coinmarketcap rating – #4

BNB/USD Market

Key Levels:

Resistance ranges: $400, $420, $440

Support ranges: $250, $230, $210

Binance Coin Price Prediction
BNBUSD – Daily Chart

BNB/USD is at present buying and selling at $329 after touching the each day low of $316.9 and climbing above the 21-day shifting common. However, in case the consumers have been ready to push the value above the resistance stage of $350, and the each day candlestick closes above this stage, the value might rally in the direction of the higher boundary of the channel.

Binance Coin Price Prediction: Binance Coin Ready to Shoot Up

Looking on the each day chart, the 9-day shifting common is making an attempt to cross above the 21-day shifting common because the Binance value is likewise shifting shut to the resistance stage of $350, which connotes that the consumers might acquire higher hand out there. The technical indicator Relative Strength Index (14) is probably to cross above 50-level with the sign line pointing up to point out a purchase sign.

However, in case consumers have been ready to push the value above the higher boundary of the channel and the each day candlestick closes above this barrier, the Binance Coin value might rally in the direction of potential resistance ranges of $400, $420, and $440 whereas crossing under the shifting averages might deliver the coin to the helps at $250, $230, and $210 respectively.

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BNB/BTC Market: Price Heads to the Upside

Compared with Bitcoin, the coin is following a bullish surge, and it might swing excessive to cross above the higher boundary of the channel which may find the resistance stage of 1150 SAT and above. On the opposite hand, if the market value crosses under the 9-day and 21-day shifting averages, it may attain the assist stage of 1000 SAT and under.

BNBBTC – Daily Chart

However, the technical indicator Relative Strength Index (14) is at present shifting above the 60-level because the sign line factors to the north to verify the bullish motion. Meanwhile, any additional bullish motion might create further features above the channel.

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