BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – July 14

• The long-term outlook remains in a range-bound market.
• The bulls may lead the pack in the range in the new week.

BNB/USD Long-term Trend: Ranging

Supply zone: $60.00, $80.00, 100.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD remains in consolidation in the long-term outlook. Last week started on a bullish note at $32.49. The momentum was sustained until exhaustion sets in at $27.81 within the range on 8th July as the day closed as spinning top. The cryptocurrency price dropped thereafter made a lower low each day until 11th July at $27.10.

The close of the candle within range within the range implies a rejection of the downward movement. The bulls gradually took control with a large candle on 12th July and pushed price back up to $34.49.

Price is below the two EMA crossover while the signal of the stochastic oscillator points up at 39%. This suggests an upward momentum in price within the range in days ahead as the coin ranges.

The cryptocurrency is ranging and trading between $42.00 in the upper supply area and at $28.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Live Binance Coin (BNB) Price:

1 BNB/USD =$30.6803 change ~ -0.61%

Coin Market Cap

$4.43 Billion

24 Hour Volume

$118.3 Million

24 Hour VWAP

$31

24 Hour Change

$-0.1876

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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