{"id":182346,"date":"2023-10-06T11:40:29","date_gmt":"2023-10-06T11:40:29","guid":{"rendered":"https:\/\/precoinnews.com\/?p=182346"},"modified":"2023-10-06T11:40:29","modified_gmt":"2023-10-06T11:40:29","slug":"binance-coin-price-retraces-to-previous-level-after-rejection-at-220","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/binance-coin-price-retraces-to-previous-level-after-rejection-at-220\/","title":{"rendered":"Binance Coin Price Retraces To Previous Level After Rejection At $220"},"content":{"rendered":"

The price of the Binance coin (BNB) has remained unchanged and is moving in the same direction above the $200 support.<\/strong><\/p>\n

Binance Coin Price Long Term Forecast: Bearish<\/h2>\n

Binance coin recovered and crossed the moving average lines on September 28,as Coinidol.com reported before. The high of $221.60 marked the end of the uptrend. BNB is now in the range bound zone. At the time of writing, the altcoin is worth $212.60.<\/p>\n

BNB is moving back towards its previous range as it retraces. If the altcoin returns to the crucial support level at $203, it will resume the range bound movement and rally.<\/p>\n

BNB (BNB) Indicator Reading <\/h2>\n

The BNB price bars are now below the moving average lines as a result of the recent decline. This will lead to a further decline in the value of the cryptocurrency. However, the doji candlesticks have slowed down the price movement. The horizontal tilting of the moving average lines indicates a sideways trend.<\/p>\n

Technical Indicators:<\/h3>\n

Key resistance levels \u2013 $300, $350, $400
Key support levels \u2013 $200, $150, $100<\/p>\n

<\/p>\n

What is the next direction for BNB\/USD?<\/h2>\n

Binance Coin will continue to move sideways as the high at $220 was rejected. Buyers have unsuccessfully tried four times to break the resistance at $220. If the buyers manage to break the barrier at $220, the current trading range will collapse.<\/p>\n

Nevertheless, buyers have continuously defended the existing support at $200. The longer candle tails indicate strong buying at lower price levels.<\/p>\n

<\/p>\n

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. <\/span><\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of the Binance coin (BNB)<\/p>\n","protected":false},"author":3,"featured_media":182345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBinance Coin Price Retraces To Previous Level After Rejection At $220 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/binance-coin-price-retraces-to-previous-level-after-rejection-at-220\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Coin Price Retraces To Previous Level After Rejection At $220 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The price of the Binance coin (BNB)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/binance-coin-price-retraces-to-previous-level-after-rejection-at-220\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T11:40:29+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/10\/Binance-Coin-Price-Retraces-To-Previous-Level-After-Rejection-At-220.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/binance-coin-price-retraces-to-previous-level-after-rejection-at-220\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/binance-coin-price-retraces-to-previous-level-after-rejection-at-220\/\",\"name\":\"Binance Coin Price Retraces To Previous Level After Rejection At $220 - 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