BNB Price Prediction: Fresh Increase Possible Above 100 SMA

Jun 19, 2023 06:00 am Cryptocurrency 85
BNB Price Prediction: Fresh Increase Possible Above 100 SMA

BNB price (Binance coin) is recovering above $240 against the US Dollar. The price might gain bullish momentum if it clears $260 and $270.


  • Binance coin price is attempting a recovery wave above $240 against the US Dollar.

  • The price is now trading below $260 and the 100 simple moving average (4 hours).

  • There is a key bullish trend line forming with support near $242 on the 4-hour chart of the BNB/USD pair (data source from Binance).

  • The pair might struggle to gain bullish momentum above $260 and $270.

    • Binance Coin Price Faces Resistance


    In the past few days, BNB price saw a major decline below the $260 support. There was a move below the $250 support zone, sparking bearish moves in Bitcoin and Ethereum.


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