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- Binance Coin (BNB) fell by 0.89% today to levels of $309.
- It is moving towards an important resistance point of $319.
- Which levels should BNB investors follow?
Binance Coin (BNB) is preparing to break an important resistance point. Does BNB have the potential to rise? Here is the current BNB analysis.
Binance Coin (BNB) is moving towards an important resistance point of $319 on the daily chart. As long as it stays above the support level of $307, BNB has the potential to reach the level of $319.
BNB Medium/Long Term Analysis
In the medium and long term, it is thought that BNB can rise to the levels of $330-$340 if it exceeds the resistance level of $319. If it surpasses this level, the next target could be $400. However, if there is a close below the level of $307, BNB may fall to the range of $297-$282.
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What Will Happen to BNB Price?
BNB’s future performance depends on many factors, including the overall condition of the cryptocurrency market and BNB’s unique features. However, considering the current trend and technical analysis data, it seems likely that BNB will reach the levels of $330-$340 in the short term and $400 in the medium/long term if it breaks the resistance of $319.
BNB Coin Short Comment
BNB is approaching an important resistance point. If it can break the resistance of $319, it is expected to reach the levels of $330-$340 and then $400. However, if there is a close below the support level of $307, BNB may fall to the levels of $297-$282.
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BNB Important Support and Resistance Levels
The important support level for BNB is $307 and the important resistance level is $319. These levels are important to predict BNB’s future movements.
How to Buy BNB?
- Open an account on the recommended exchange platform.
- Deposit suitable cryptocurrency (USDT) or fiat currency (Dollar, GBP, EURO) into your account.
- Search for BNB/USDT and place an order for purchase.
- Wait for your transaction to be completed and keep your BNB in your wallet.
You can invest in BNB and other cryptocurrencies safely by using the exchange we recommend.
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