The price action of the past few days has formed a symmetrical triangle in BNB. This suggests indecision between the bulls and the bears. The symmetrical triangle usually behaves as a continuation pattern, but in some cases, it turns into a reversal setup. If buyers kick and maintain the price above the triangle, it will suggest a possible trend reversal. The BNB/USDT pair could rise to $265 and thereafter sprint to the pattern target of $293. Contrarily, if the price turns down and slips below the 20-day EMA ($242), it will suggest that the pair may spend some more time inside the triangle. The bears will have to yank the price below the support line to seize control.
BNB’s relief rally is facing selling at the 38.2% Fibonacci retracement level of $252.50, but a positive sign is that the bulls have not given up much ground. The bulls will again try to thrust the price above the overhead resistance zone between $252.50 and the 20-day EMA ($259). If they can pull it off, the BNB/USDT pair may climb to the 61.8% retracement level of $272.50. The bears are expected to fiercely protect this level. Contrary to this assumption, if the price turns down from the current level or the overhead resistance, it will suggest that the bears are not ready to give up their hold. The pair could then once again drop to the critical support at $220.
BNB’s narrow range trading resolved to the downside on June 5. The sharp selling pulled the price below $300 and the next support at $280. The BNB/USDT pair could drop to $265, which is an important level to keep an eye on. If the price turns up from $265 and rises above $280, it will indicate strong buying at lower levels. The pair may then rise to the 20-day EMA ($306), where the bulls are likely to encounter aggressive selling by the bears. On the downside, a break and close below the $265 support could start a new downtrend. The pair may plunge to $240 and then to $220.
BNB reached the 20-day EMA ($313) on May 23, but the bulls could not overcome this obstacle. That may have attracted selling from the aggressive bears on May 24. Sellers will try to build upon their dominance by pulling the price below the psychological support at $300. The next level to watch on the downside is the support line of the descending channel pattern. If this level crumbles, the BNB/USDT pair may nosedive to $280. Alternatively, if the price turns up from the current level or rebounds off the support line, it will suggest buying at lower levels. The bulls will then try to kick the price above the 20-day EMA and challenge the resistance line.
BNB is witnessing a tough battle between the bulls and the bears near the support line of the symmetrical triangle pattern. The flattish 20-day exponential moving average (EMA) at $326 and the relative strength index (RSI) near the midpoint do not give a clear advantage either to the bulls or the bears. If the price breaks above the 20-day EMA, the BNB/USDT pair may continue to oscillate inside the triangle for some more time. A break below the triangle will indicate that bears have seized control. That is likely to start a downward move to $300 and then to the pattern target of $280. If bulls want to gain the upper hand, they will have to propel the price above the triangle. That will clear the path for a possible rally to $350 and then $400.
BNB’s fall below the $306 support was aggressively purchased by the bulls, as seen from the long tail on the April 3 candlestick. The bulls are trying to strengthen their position further by pushing the price above the overhead resistance of $318. If they manage to do that, it will suggest that the corrective phase may be over. The BNB/USDT pair could first rise to $330 and, subsequently, to the strong resistance at $338. On the contrary, if the price fails to clear the obstacle at $318, it will suggest that the bears are using every minor rally to sell. That may pull the pair down to the 200-day SMA ($291) which is likely to act as a strong support.
BNB’s relief rally faces selling in the zone between the 20-day EMA ($316) and the downtrend line, but the bulls are hanging on. The 20-day EMA has flattened out, and the RSI is near the midpoint, indicating that the selling pressure may be reducing. The aggressive bears may get trapped if the price rises above the downtrend line. That may result in a short squeeze, which could propel the price to the overhead resistance zone between $338 and $346. Conversely, if the price turns down from the downtrend line and plummets below $305, it will suggest that bears are back in the driver’s seat. The BNB/USDT pair may then drop to the 200-day SMA ($290).
BNB bounced off the $280 support on March 6 and March 7 but the bears pounced at higher levels. This suggests that the sentiment remains negative and every minor recovery is being sold into. If the $280 gives way, the BNB/USDT pair will complete a bearish head and shoulders pattern. This negative setup may start a downward move to $245 where buyers will try to arrest the decline. Another possibility is that the bulls sustain the current rebound. Such a move will indicate that the buyers are fiercely defending the $280 support. That may start a recovery to the 20-day EMA ($299). The bears are expected to sell the rally to the 20-day EMA. If that happens, the pair may again slide to $280. On the contrary, a break above the 20-day EMA will be the first sign that suggests the bears may be losing their grip.
BNB broke and closed below the 50-day SMA ($307) on Feb. 24, but the bulls purchased the dip and pushed the price to the 20-day EMA ($309) on Feb. 26. This level is attracting selling by the bears. If the price turns down and breaks below $295, it will indicate that sellers have flipped the 20-day EMA into resistance. The BNB/USDT pair could then tumble toward the critical support at $280. This is an important level to watch out for because a bounce off it may point to a range formation between $280 and $318 for some time. The next trending move in the short term could begin if buyers drive the price above $318 or bears sink the price below $280.
BNB faced rejection at $318 on Feb. 12, suggesting that bears are selling on rallies. The bears will try to strengthen their position further by dragging the price below the strong support at $280. The 20-day EMA ($310) has started to turn down and the RSI is in the negative territory, indicating that bears are at an advantage. If the $280 level collapses, the BNB/USDT pair may witness aggressive selling. The next support is $250. Conversely, if the price jumps up from $280, the bulls will again try to push the pair above $318. If they succeed, the pair could rise to the neckline of the developing inverse head and shoulders pattern.
Buyers pushed BNB’s price above the $335.50 resistance on Feb. 5. But the long wick on the candlestick shows that bears are selling at higher levels. The price pulled back to the breakout level of $318 where the bulls are buying aggressively as seen from the long tail on the Feb. 6 candlestick. The bears will have to sink the price below the 20-day EMA ($312) to clear the path for a decline to the 50-day SMA ($281). Conversely, if the price turns up from the current level and breaks above $338, it will suggest that the bulls have flipped the $318 level into support. The BNB/USDT pair will then likely resume the rally and reach $360. This level should provide solid resistance but if the bulls clear it, the next big hurdle will be $400.
BNB touched the strong resistance of $318 on Jan. 29 but the bulls could not overcome this barrier. This indicates that bears are fiercely defending the level. The immediate support on the downside is the 20-day EMA ($298). Although the upsloping 20-day EMA suggests advantage to buyers, the negative divergence on the RSI indicates that the positive momentum could be weakening. The selling could accelerate on a break below the 20-day EMA and the BNB/USDT pair could slide to $280. Contrarily, if the price turns up from the 20-day EMA, the bulls will again attempt to drive the pair above $318. If they manage to do that, the pair could soar to $360.
The bears are trying to halt BNB’s relief rally at $261 but a minor positive in favor of the bulls is that they have not ceded ground to sellers. If the price rebounds off the 20-day exponential moving average (EMA) of $252 with strength, the BNB/USDT pair could jump to the 50-day simple moving average (SMA) of $268. This level may act as a barrier but it is likely to be crossed. The pair could then soar to $300. The bears are likely to have other plans. They will try to sink the price back below $250. If that happens, the $236 support may come under attack. If this level also gives way, the pair could dive to the critical support at $220.
BNB closed below the $285 support on Dec. 7 but the bears could not capitalize on this opportunity. The bulls purchased the dip and have pushed the price to the 20-day EMA of $291. The flattening moving averages and the RSI above 48 suggest a balance between supply and demand. This could result in a volatile range-bound action in the near term but the boundaries of the range are not yet defined. If the price turns down from the moving averages, the bears will try to yank the BNB/USDT pair below $281. If that happens, the selling could accelerate and the pair may slide to $275 and later to the strong support at $250. If bulls want to gain the upper hand, they will have to push and sustain the price above $300.
BNB’s price has been trading near the moving averages for the past three days. This indicates a tussle between the bulls and the bears to gain the upper hand. The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. Buyers will have to push and sustain the price above $300 to indicate strength. The BNB/USDT pair could then rise to $318 and thereafter to $338. On the contrary, if the price turns down and breaks below $285, the selling could intensify and the pair may drop to $275. There is a minor support at this level but if it fails to hold, the decline could extend to the vital support at $250.
BNB bounced off the moving averages on Nov. 29 but the bulls are struggling to build upon this move. This suggests that the bears are likely to pose a strong challenge between $300 and $318. The 20-day EMA of $292 is flattening out and the RSI is just above the midpoint, indicating a balance between supply and demand. The advantage could tilt in favor of the buyers if they catapult the price above $318. That could clear the path for a rally to $338, where the bears may again erect a stiff barrier. This positive view could invalidate in the near term if the price turns down and plummets below the moving averages. The pair could then decline to the support at $258.
BNB has declined to the critical support at $258, which could witness a tough battle between the bulls and the bears. The downsloping 20-day EMA of $284 and the RSI below 37 indicate that the bears have the upper hand. If the bears sink and sustain the price below $258, the selling could pick up momentum and the BNB/USDT pair could drop to $239 and thereafter to $216. Alternatively, if the price turns up from the current level, it will suggest that the bulls continue to buy the dips to $258. The pair could then rise to the moving averages where the bears may again mount a strong defense.
BNB soared to $398 on Nov. 8, but the bulls could not sustain the higher levels as seen from the long wick on the day’s candlestick. The selling continued on Nov. 9 and pulled the price near the strong support at $258. BNB/USDT daily chart. Source: TradingView
The bulls purchased the drop on Nov. 10, but they could not thrust the price above the 20-day EMA of $295. This suggests that the sentiment turned negative and the bears were selling the relief rallies to the 20-day EMA. The bears will again try to break the support at $258 and if they manage to do that, the BNB/USDT pair could drop to $239 and later to $216. This negative view will be invalidated in the near term if thebulls push and sustain the price above $313.
The bulls purchased the drop on Nov. 10, but they could not thrust the price above the 20-day EMA of $295. This suggests that the sentiment turned negative and the bears were selling the relief rallies to the 20-day EMA. The bears will again try to break the support at $258 and if they manage to do that, the BNB/USDT pair could drop to $239 and later to $216. This negative view will be invalidated in the near term if thebulls push and sustain the price above $313.
BNB formed a Doji candlestick pattern on Oct. 11, suggesting indecision among the bulls and the bears. Buyers are attempting to start a rebound from the support at $266. The bounce is likely to face stiff resistance at the moving averages. If the price turns down from the current level or the moving averages, the BNB/USDT pair could drop to the strong support at $258. The bulls are expected to vigorously defend this level because a break and close below it could sink the pair to $216. Another possibility is that the price turns up and breaks above the moving averages. That could clear the path for a potential rally to the stiff overhead resistance at $300.
BNB turned down from $300 on Sept. 12 and plunged below the moving averages on Sept. 13. This tilted the short-term advantage in favor of the bears but the bulls have not yet given up. Buyers are attempting to defend the immediate support at $275 and push the price above the 20-day EMA ($285). If they succeed, the BNB/USDT pair could challenge the $300 to $307.50 resistance zone. If buyers clear this zone, the rally could pick up momentum. Conversely, if bulls fail to push the price above the 20-day EMA, it will suggest that bears are selling on minor rallies. That could enhance the prospects of a break below $275. If that happens, the pair could decline to $258 and then to $240.
* Crypto Rating accepts no liability for content of the Binance Coin reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 80.4% | 27 | $63 207.76 | -1.07% | -2.40% | $1 244 627 699 920 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.8% | 43 | $3 236.07 | 3.03% | 2.57% | $394 967 061 788 |  |
|
| 3 |  USDT |
Tether predictions | 95.2% | 1 | $0.999295 | -0.04% | -0.12% | $110 483 975 015 |  |
|
| 4 |  BNB |
Binance Coin predictions | 83.6% | 20 | $594.41 | -1.48% | 3.73% | $87 727 120 398 |  |
|
| 5 |  SOL |
Solana predictions | 68.4% | 70 | $141.06 | -1.14% | -6.71% | $63 074 007 304 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.2% | 2 | $0.999897 | -0.01% | -0.02% | $33 482 743 567 |  |
|
| 7 |  XRP |
XRP predictions | 64% | 70 | $0.518784 | -1.75% | -1.77% | $28 655 482 129 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 70% | 66 | $0.147739 | -1.11% | -9.03% | $21 283 478 577 |  |
|
| 9 |  TON |
Toncoin predictions | 69.6% | 64 | $5.40 | 0.31% | -12.86% | $18 737 986 317 |  |
|
| 10 |  ADA |
Cardano predictions | 63.6% | 80 | $0.464665 | -0.51% | -7.83% | $16 559 276 849 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 62.4% | 82 | $0.000025 | -2.90% | -3.74% | $14 535 168 738 |  |
|
| 12 |  AVAX |
Avalanche predictions | 62.4% | 78 | $34.35 | -1.80% | -9.44% | $12 995 483 658 |  |
|
| 13 |  TRX |
TRON predictions | 85.6% | 21 | $0.120091 | 0.02% | 8.28% | $10 515 115 928 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 85.2% | 18 | $0.119957 | -0.19% | 8.15% | $10 503 334 915 |  |
|
| 15 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
