Binance Coin Price Prediction for Today, November 23 – BNB Technical Analysis

The Binance Coin price prediction consolidates in a flag formation as the bulls above the upper boundary of the channel.

Binance Coin Prediction Statistics Data:

• Binance Coin price now – $262
• Binance Coin market cap – $35.5 billion
• Binance Coin circulating supply – 151.6 million
• Binance Coin total supply – 151.6 million
• Binance Coin CoinMarketCap ranking – #4

BNB/USD Market

Key Levels:

Resistance levels: $280, $290, $300

Support levels: $235, $225, $215

BNB/USD bulls have taken control of the daily price chart following the current bullish movement within the channel as the price spikes above the upper boundary of the channel. Meanwhile, looking at the chart, the coin is presently following the bullish movement as the trading volume rises.

Binance Coin Price Prediction: BNB Price Heads to the North

The Binance Coin price is seen crossing above the upper boundary of the channel to touch the resistance level of $274. Meanwhile, a successful close above the channel could accelerate gains and the price might surge toward the resistance level of $275. However, any more bullish movement could lead the price toward the resistance levels of $280, $290, and $300.

On the other hand, if Binance Coin starts a downside correction, it could find support near the $245 level. The first major support is near the $240 level, where the bulls are likely to take a stand. However, if the price drops near the lower boundary of the channel, a bearish continuation could bring the market to the critical supports at $235, $225, and $215 respectively.

BNB/BTC Faces the Downside

Against Bitcoin, the trend of the Binance Coin is still a downtrend in the long-term, trading at 7155 SAT. Meanwhile, the coin at the moment is bearish and the coin may likely hit the support level at 6200 SAT and below if it slides below the 9-day and 21-day moving averages.

However, if the bulls maintain and hold the price very well, traders can expect the coin to rise above the upper boundary of the channel. For now, the nearest resistance level for the market could be found at 7800 SAT and above as the 9-day MA moves to cross above the 21-day MA.

Alternatives to Binance Coin

According to the daily chart, the Binance Coin has displayed a notable upward trend in recent times, surging beyond the $274 resistance level. Despite currently facing upward pressure, BNB/USD is poised to potentially surpass and sustain itself above the upper boundary of the channel in the coming days, especially if buyers intensify their efforts. The long-term outlook appears bullish.

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