Current currency analysts in the Coinidol.com report, the BNB price continued to go up and pull it over the level of collapse of $ 645.
BNB Long -term prediction price: climb
On May 12, Altcoin rose to $ 692 before falling again. On the negative side, the sale pressure decreased over $ 645 support and altcoin began in a limited -range rally. BNB is preparing to re -test or break the level of $ 700. A break higher than $ 700 would turn BNB to the highest previous level of $ 750. However, if BNB fails to break more than $ 700, it will be forced to trade in a higher range of $ 645 and its highest level in recent times. If Altcoin falls less than SMA for 21 days, he will find a ground at $ 604 or SMA for 50 days. BNB is currently trading at $ 651.
Read BNB Index
On May 12, a long candle fold pointed to the level of $ 700, indicating a strong sale of sale in the last peak. After the current decrease, the price tapes moved over SMA support for 21 days. This indicates that the value of the cryptocurrency will continue to rise. The intermediate actions of the graph for 4 hours are horizontal, indicating the presence of a side direction.
Technical indicators:
Main resistance levels – $ 600, $ 650, $ 700
Main support levels – $ 400, $ 350, $ 300
What is the next direction for BNB/USD?
On the daily chart, BNB is currently trading in the upscale direction area. As long as it is in the upscale direction area, the cryptocurrency has a lot of height. The 4 -hour graph shows that BNB is trading over the support of $ 640 and under the $ 680 barrier. The cryptocurrency again gains momentum as it continues to rise over the moving averages.
Slip. This analysis and expectations are the personal opinions of the author, not a recommendation to buy or sell encrypted currency, and should not be seen as ratified by Coinidol.com. Readers must conduct their research before investing in money.
