{"id":176359,"date":"2023-10-18T10:39:28","date_gmt":"2023-10-18T05:09:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176359"},"modified":"2023-10-18T10:39:28","modified_gmt":"2023-10-18T05:09:28","slug":"bnb-price-prediction-bears-struggle-will-price-finally-cross-220-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bnb-price-prediction-bears-struggle-will-price-finally-cross-220-crypto-news\/","title":{"rendered":"BNB Price Prediction \u2013 Bears Struggle, Will Price Finally Cross $220? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>BNB price is still consolidating above the $200 support zone against the US Dollar. It could start a decent increase if there is a close above the $220 resistance.<\/em><\/p>\n<ul>\n<li>BNB price is slowly moving higher toward the $220 resistance against the US Dollar.<\/li>\n<li>The price is now trading above $210 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bullish trend line forming with support near $211.5 on the 4-hour chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair might gain bullish momentum if there is a daily close above $220.<\/li>\n<\/ul>\n<h2>BNB Price Remains In A Range<\/h2>\n<p>This past week, BNB price again retested the $200-$202 support zone. The bears made another attempt to clear the key $200 support, but they failed. A low was formed near $203 before the price started a decent increase, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-liftoff-30k-2\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-underperforms-bitcoin-1550\/\">Ethereum<\/a>.<\/p>\n<p>There was a move above the $210 and $212 levels. The price tested the main $220 resistance. A high is formed near $219.2 and the price is now consolidating above the 50% Fib retracement level of the upward move from the $203 swing low to the $220 high.<\/p>\n<p>BNB is now trading above $210 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $211.5 on the 4-hour chart of the BNB\/USD pair.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Binance-Coin-BNB-1.png?resize=1024%2C468\"><\/a><\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\">BNBUSD on TradingView.com<\/a><\/p>\n<p>If there is a fresh increase, the price could face resistance near the $215.5 level. The next resistance sits near the $220 level. A clear move above the $220 zone could send the price further higher. In the stated case, BNB price could test $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If BNB fails to clear the $220 resistance, it could start another decline. Initial support on the downside is near the $211 level and the trend line. The next major support is near the $207 level or the 76.4% Fib retracement level of the upward move from the $203 swing low to the $220 high.<\/p>\n<p>If there is a downside break below the $207 support, the price could drop toward the $202 support. Any more losses could initiate a larger decline toward the $185 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $211, $207, and $202.<\/p>\n<p>Major Resistance Levels \u2013 $215, $220, and $222.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB price is still consolidating above the $200 support zone against the US Dollar. It could start a decent increase if there is a close above the $220 resistance. BNB price is slowly moving higher toward the $220 resistance against the US Dollar. The price is now trading above $210 and the 100 simple moving [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":176360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-176359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176359"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176359\/revisions"}],"predecessor-version":[{"id":176361,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176359\/revisions\/176361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176360"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}