BNBUSD on TradingView.com<\/a><\/p>\nOn the upside, BNB is facing resistance near the $255 level. The next major resistance is near $268. It is close to the 50% Fib retracement level of the downward move from the $317.0 swing high to the $220.6 low. A clear move above the $268 resistance and $270 might start a steady increase. The next major resistance is near the $280 level, above which the price might rise toward the $300 resistance.<\/p>\n
Another Drop in BNB?<\/h2>\n If BNB fails to clear the $268 resistance, it could start another decline. Initial support on the downside is near the $240 level.<\/p>\n
The next major support is near the $230 level. If there is a downside break below the $230 support, there could be an extended decline toward the $220 support. Any more losses could send the price toward the $200 support.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n
Major Support Levels \u2013 $240, $230, and $220.<\/p>\n
Major Resistance Levels \u2013 $255, $268, and $270.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB price (Binance coin) is slowly recovering above $245 against the US Dollar. The price might face heavy resistance near $268 and $270. Binance coin price is attempting a recovery wave above $230 against the US Dollar. The price is now trading below $280 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $230 on the 4-hour chart of the BNB\/USD pair (data source from Binance). The pair might face many hurdles near $268 and $270. Binance Coin Price Starts Recovery This past week, BNB price saw a major decline from well above $280. There was a steady decline below the $250 support zone, putting pressure on Bitcoin and Ethereum. The price even tested the $220 support zone. A low is formed near $220.6 and the price is now slowly moving higher. There was a move above the $230 resistance. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $317.0 swing high to the $220.6 low. Besides, there was a break above a key bearish trend line with resistance near $230 on the 4-hour chart of the BNB\/USD pair. However, the pair is still trading below $280 and the 100 simple moving average (4 hours). Source: BNBUSD on TradingView.com On the upside, BNB is facing resistance near the $255 level. The next major resistance is near $268. It is close to the 50% Fib retracement level of the downward move from the $317.0 swing high to the $220.6 low. A clear move above the $268 resistance and $270 might start a steady increase. The next major resistance is near the $280 level, above which the price might rise toward the $300 resistance. Another Drop in BNB? If BNB fails to clear the $268 resistance, it could start another decline. Initial support on the downside is near the $240 level. The next major support is near the $230 level. If there is a downside break below the $230 support, there could be an extended decline toward the $220 support. Any more losses could send the price toward the $200 support. Technical Indicators 4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level. Major Support Levels \u2013 $240, $230, and $220. Major Resistance Levels \u2013 $255, $268, and $270.<\/p>\n","protected":false},"author":67,"featured_media":409292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[13291,11427,86483,79524,79611],"class_list":["post-537803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-coin","tag-bnb","tag-bnb-price","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\n
BNB Price Prediction: Recovery Could Fade Above $260<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n