BNB Price Prediction – Bears Aim Nasty Drop Below $200, Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	92,701,812,648	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

92,701,812,648

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	5.71	0.98%	586.78	585.62	588.69

Price Change

Price Change %

Current Price

Bid Price

Offer

5.71

0.98%

586.78

585.62

588.69

High Price	Low Price	Open Price	Prev. Close	52 Week Range
589.07	577.96	581.06	581.06	210.00 - 720.47

High Price

Low Price

Open Price

Prev. Close

52 Week Range

589.07

577.96

581.06

210.00 - 720.47

Exchange	Last Trade	Size	Trade Price	Currency
BINA	12:51:37	0.018000	586.78	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

12:51:37

0.018000

586.78

USD

Price x Volume	Volume	Base Symbol	Related Pairs
7,656,809.60	13,064.15	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

7,656,809.60

13,064.15

BNB Price Prediction – Bears Aim Nasty Drop Below $200, Here’s Why

06/10/2023 5:58am

NEWSBTC

BNB price (Binance coin) is still struggling to clear the $220 resistance against the US Dollar. The price could decline heavily below the $210 and $202 support levels. Binance coin price is slowly moving lower from the $220 resistance against the US Dollar. The price is now trading below $215 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might accelerate lower if it breaks the $210 support level. Binance Coin Price Remains At Risk This past week, BNB price attempted a recovery wave above the $210 level. The price was able to clear the $215 resistance zone. However, it failed to clear the $220 resistance. There was a fresh decline in BNB, like Bitcoin and Ethereum. The price declined below the $215 support level. The bears pushed the price below the 50% Fib retracement level of the upward move from the $207 swing low to the $221 high. Besides, there was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB/USD pair. The price is now trading below $215 and the 100 simple moving average (4 hours). It is consolidating near the 76.4% Fib retracement level of the upward move from the $207 swing low to the $221 high. If there is a recovery wave, the price could face resistance near the $213 level and the 100 simple moving average (4 hours). Source: BNBUSD on TradingView.com The next resistance sits near the $215 level. A clear move above the $215 zone could send the price further higher. In the stated case, BNB price could test the main resistance at $220-$222. A close above the $222 resistance might set the pace for a larger increase toward the $250 resistance. More Losses in BNB? If BNB fails to clear the $215 resistance, it could start another decline. Initial support on the downside is near the $210 level. The next major support is near the $207 level. If there is a downside break below the $207 support, the price could drop toward the $202 support. Any more losses could initiate a larger decline toward the $165 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $210, $207, and $202. Major Resistance Levels – $215, $220, and $222.

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BNBUSD Binance Coin