BNB Price Prediction: Recovery To $235 On The Horizon As Bulls Step In

Aug 29, 2023 06:00 am Cryptocurrency 99

BNB price (Binance coin) is moving higher from $202 against the US Dollar. The price could rise further toward the $230 resistance or even $235.

Binance coin price is slowly moving higher from the $202 zone against the US Dollar.

The price is now trading below $225 and the 100 simple moving average (4 hours).

There is a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB/USD pair (data source from Binance).

The pair might gain bullish momentum above $224 and $225.

Binance Coin Price Eyes More Upsides

After a major decline, BNB price found support near the $202 zone. The price traded as low as $203.5 and recently started a recovery wave, similar to Bitcoin and Ethereum.

There was a move above the $212 and $215 resistance levels. The price climbed above the 23.6% Fib retracement level of ..

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