{"id":14799,"date":"2022-12-20T05:51:40","date_gmt":"2022-12-20T05:51:40","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/20\/bnb-price-rebounds-toward-250-but-risk-of-drop-to-200-still-exists\/"},"modified":"2022-12-20T05:51:40","modified_gmt":"2022-12-20T05:51:40","slug":"bnb-price-rebounds-toward-250-but-risk-of-drop-to-200-still-exists","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/20\/bnb-price-rebounds-toward-250-but-risk-of-drop-to-200-still-exists\/","title":{"rendered":"BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>BNB value (Binance coin) discovered assist close to $220 towards the US Dollar. BNB is rising, however the bears may take a robust stand close to the $265 zone.<\/em><\/p>\n<ul>\n<li>Binance coin value began a restoration wave from the $220 assist towards the US Dollar.<\/li>\n<li>The value is now buying and selling beneath $265 and the 100 easy shifting common (4-hours).<\/li>\n<li>There is an important bearish development line forming with resistance close to $265 on the 4-hours chart of the BNB\/USD pair (information supply from Binance).<\/li>\n<li>The pair may begin a recent decline except there&#8217;s a clear transfer above the $265 resistance.<\/li>\n<\/ul>\n<h2>Binance Coin Price Faces Resistance<\/h2>\n<p>This previous week, BNB value noticed a significant decline beneath the $250 assist zone. It gained bearish momentum towards <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-below-17k\/\" target=\"_blank\" rel=\"noopener\">bitcoin<\/a>, <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-breaking-this-confluence-resistance-could-start-recovery\/\" target=\"_blank\" rel=\"noopener\">ethereum<\/a> and different friends. The value tumbled beneath the $235 assist towards the US greenback and examined the $220 assist.<\/p>\n<p>A low was fashioned close to $220.1 and the worth lately began a restoration wave. The value climbed above the $230 and $235 resistance ranges. There was a transparent transfer above the 23.6% Fib retracement stage of the important thing drop from the $291 swing excessive to $220 low.<\/p>\n<p>However, bnb value remains to be buying and selling beneath $265 and the 100 easy shifting common (4-hours). On the upside, the bears are defending the $250 and $255 resistance ranges. The 50% Fib retracement stage of the important thing drop from the $291 swing excessive to $220 low can also be close to the $256 stage.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-512999\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1.png\" alt=\"Binance Coin Price BNB\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Binance-Coin-BNB-1-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">BNBUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance is close to the $265 stage. There can also be a vital bearish development line forming with resistance close to $265 on the 4-hours chart of the BNB\/USD pair, above which the worth is more likely to intention a take a look at of the $275 stage within the close to time period. Any extra features would possibly ship the worth in the direction of the $300 stage.<\/p>\n<h2>Fresh Decline in BNB?<\/h2>\n<p>If BNB fails to clear the $265 resistance, it may begin a recent decline. An preliminary assist on the draw back is close to the $240 and $238 ranges.<\/p>\n<p>The first main assist is close to the $230 stage. The subsequent main assist is close to the $220 stage. If there&#8217;s a draw back break beneath the $220 assist, there may very well be an prolonged decline in the direction of the $200 assist.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for BNB\/USD is gaining tempo within the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is at present above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $238, $230 and $220.<\/p>\n<p>Major Resistance Levels \u2013 $255, $265 and $275.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/bnb\/bnb-price-rebounds-250\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BNB value (Binance coin) discovered assist close to $220 towards the US Dollar. BNB is rising, however the bears may take a robust stand close to the $265 zone. Binance coin value began a restoration wave from the $220 assist towards the US Dollar. The value is now buying and selling beneath $265 and 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