Bnb binance coin price prediction11/22/2023 ![]() The price of BNB has lost 12% year-to-date and is currently trading at $215.10, a 38% discount from its 2023 high. The coin’s ability to break above the $220 resistance level will likely dictate its trajectory for the remainder of 2023. In summary, BNB is at a critical juncture. However, a move below the $200 psychological mark could trigger a bearish trend, with support levels at $180 and $150 waiting below. Should this happen, the next target could be $250 and, eventually, $300. ![]() If the broader market continues its upward trajectory, BNB could capitalize on this momentum and break above the $220 resistance. The DI lines are also showing signs of a potential bearish crossover. Meanwhile, the ADX line on the DMI indicator is falling sharply, indicating a loss of momentum in the current trend. The 50-day EMA is trending downwards, adding fuel to the bearish sentiment. This suggests that the market is still uncertain about the coin’s short-term direction. This resistance level has proven to be a tough nut to crack, keeping the coin’s upward momentum in check.Īs of the latest data, BNB is trading at $212, experiencing a minor intraday decline of 0.56%. A falling wedge pattern has emerged on the daily chart, suggesting that a bullish reversal could be in the cards.īNB’s recent rally has been stymied by strong selling pressure around the $219-$220 range. Binance (BNB) Price Prediction October 2023ĭespite a challenging period that saw BNB’s price drop by 41% from April to September 2023, the coin is showing signs of life. Binance has experienced a 49% increase in new users in MENA. Product Closures: Binance shuts down its Binance Pay to refocus on core projects.īinance’s Growth in Dubai: Binance is expanding in Dubai because the UAE is crypto-friendly. Product Innovation: Binance launched Dual Investment and Range Bound products, expanding user investment options. Department of Justice is preparing a lawsuit against Binance for fraud charges. and its founder, Changpeng Zhao, highlighting increased regulatory scrutiny in 2023. SEC filed 13 charges against Binance Holdings Ltd. Workforce Reduction: Binance cut over 1,000 positions to streamline operations and improve efficiency.
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