The price of BNB surpassed its peak on July 23, reaching $810.
BNB price long-term prediction: bullish
“$794: the summit. But the climb proved too steep. Bears swarmed, sending the altcoin tumbling from its peak, a freefall ending below the support of the moving averages.”
BNB dips below $800, a breather before the bounce? Bulls need to hold the $745 line in the sand. Conquer $810 resistance, and BNB rockets to $863, aiming for the skies once more.
However, if the altcoin falls below the $745 support, the selling pressure will increase again. BNB is now worth $770.
BNB price indicators analysis
BNB’s rally hit a wall. That ominous candle wick piercing above $810 screams of heavy selling. Overbought conditions are flashing red. Prepare for a potential pullback as sellers emerge, ready to capitalize on the peak.
Technical indicators:
Key Resistance Levels – $600, $650, $700
Key Support Levels – $400, $350, $300
What is the next move for BNB?
BNB bulls, bruised but not broken, are licking their wounds after a failed assault on the $810 fortress. Now, the cryptocurrency is strategically retreating, testing the resolve of the $745 breakout zone. Can it hold? The 4-hour chart reveals BNB dancing above the moving averages, a delicate balancing act below the formidable $810 resistance. The next few candles will determine if this is a temporary regrouping or the start of a deeper correction.
After a healthy pullback and a bounce off key moving averages, the cryptocurrency is back in bullish territory. All eyes are now on the $810 ceiling. Shatter that, and this altcoin is primed for an explosive rally to uncharted heights.
Binance Coin soared to a dazzling $720 on July 19th, Coinidol.com reported, shattering the $700 resistance barrier like glass.
Heads up! This is just my take on things, not CoinIdol.com’s official advice. Think of it as friendly insight, not a “buy” or “sell” signal. Before diving into crypto, do your own digging!
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