For the past three days, BNB has been trapped between the moving average lines but remained stable above the $550 support, as reported by Coinidol.com.
BNB long time price prediction: bullish
Depending on whether the moving average lines are broken, the price movement will now be upwards or downwards. If the bulls break through the 21-day SMA resistance line, BNB will rise to the next barrier at $600.
If the price falls below the 50-day SMA support, the altcoin will lose value. BNB will fall and return to its previous lows above $540 and $500. It is currently valued at $574.
BNB price indicators reading
BNB is trading between the moving average lines after a recent upward correction. Over the next few days, the cryptocurrency is likely to stay within its range. On the 4-hour chart, the price of the altcoin is rising while remaining above the moving average lines. The uptrend was stopped at the $580 mark.
Technical indicators:
Resistance Levels â $600, $650, $700
Support Levels â $400, $350
