- BNB starts forming higher high; bears may lose grip over the coin soon
- Binance Coin has formed a support level at $14.11; recently broke the bearish trendline
- Bollinger bands point out a less volatile spell; BNB price is likely to continue the slow uptrend
- Technicals give a slightly negative outlook; the coin trades just above the Fib retracement level of 78.60%
As the crypto market has started an uplift, the Binance coin has followed suit. The coin from one of the most significant exchange platforms has started a price rebound on a bit mild note on November 25.
Binance Coin Price Prediction
BNB coin, which was above $19 a month ago, is now in a hassle to clear barriers above $15. The coin is likely to continue the slow bull-run, considering the mild positive outlook of the market. After hitting a high above $21 in mid-November, the Binance Coin has traced a steady decline.
Breaking a support level near $20.23, the coin rapidly tumbled below $15, with a drop of 30.46%. After a five-day-long price recovery, the coin has managed to reach above the fib retracement level of 78.60%.
Bollinger bands appear narrow, indicating a lack of volatility at present, while SMA lines are yet to show any positive sign. RSI is at 50, showing a stable phase of the BNB coin. The MACD chart is heading towards the bearish crossover but stands in the bullish zone.
Binance Coin is likely to face resistance at $17.21 and $16.78 if it breaks above $16.52 while its support levels stand at $15.83, $15.4 and $15.14.