BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – July 21
• The long-term outlook remains in consolidation.
• The bulls may dominate the session with target at the $42.00.
BNB/USD Long-term Trend: Ranging
Supply zone: $60.00, $80.00, 100.00
Demand zone: $10.00, $8.00, $6.00
BNBUSD continues in consolidation in the long-term outlook. The bears were predominantly in control of the market with the breakdown at $28.00 in the lower demand area on 15th July. Increased momentum led to the low of the week at $23.66 on 17th July.
The retest for sustained downward price movement was voided with the bulls staging a comeback. The cryptocurrency rose to $33.30 within the range with increased momentum ending the week on a bullish note.
Price is above the two EMA crossover while the signal of the stochastic oscillator points up at 49%. This suggests bullish continuation within the range in the new trading week.
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 =$666.5676 change ~ 2.79%
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