• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Elon Musk

    Elon Musk under investigation for Dogecoin tweet

    Cardano price

    Cardano price prediction: ADA to challenge $1.20 resistance again

    Coinbase

    Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

    Ethereum price

    Ethereum price recovers to $1,650, what next for ETH?

    US exchange, Coinbase files with SEC to go public through direct listing

    US exchange, Coinbase files with SEC to go public through direct listing

    How ethbox Could be the Ultimate Way to Send Cryptocurrency Privately 1

    How ethbox Could be the Ultimate Way to Send Cryptocurrency Privately

    Defi

    DeFi products get a boost as Chainlink launches OCR

    Coinbase

    Coinbase decentralization claims leave customers furious

    Zaplife Co-Founder: Freedom Within Reach for All 2

    Zaplife Co-Founder: Freedom Within Reach for All

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Elon Musk

    Elon Musk under investigation for Dogecoin tweet

    Cardano price

    Cardano price prediction: ADA to challenge $1.20 resistance again

    Coinbase

    Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

    Ethereum price

    Ethereum price recovers to $1,650, what next for ETH?

    US exchange, Coinbase files with SEC to go public through direct listing

    US exchange, Coinbase files with SEC to go public through direct listing

    How ethbox Could be the Ultimate Way to Send Cryptocurrency Privately 3

    How ethbox Could be the Ultimate Way to Send Cryptocurrency Privately

    Defi

    DeFi products get a boost as Chainlink launches OCR

    Coinbase

    Coinbase decentralization claims leave customers furious

    Zaplife Co-Founder: Freedom Within Reach for All 4

    Zaplife Co-Founder: Freedom Within Reach for All

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Binance News

Binance Coin price prediction: BNB to fall towards $33.5?

Taha Farooqui by Taha Farooqui
January 1, 2021
in Binance News
3 min read
Binance Coin price prediction: BNB to fall towards $33.5?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The Binance Coin price prediction by Ali Reza shows that the cryptocurrency hit a sell signal near the $40.45 resistance when the cryptocurrency tested it very recently. The price is expected to move towards the $33.5 level before it reaches a buy signal and moves to the $43 mark.

On the 1st of January, the BNB price observed an upward pull and moved towards the $38.20 level.

1-Day Binance Coin price analysis

Binance Coin price prediction: BNB to fall towards $33.5? 5
Binance Coin price chart by Trading View

The 1D chart shows that the Binance Coin market saw an increase in the price just after the cryptocurrency stepped on the new annual calendar. The cryptocurrency market had seen a decline on the 31st of December, where Binance followed suit and fell towards the $36.80 level in the evening. On the first day of the new year, the BNBUSD pair approached a high of $38.18.

RelatedPosts

Binance Coin price: BNB recovers $250, what’s next?

Binance Coin surpasses Tether in market capitalization

Binance suspends ETH withdrawals

Binance Coin price prediction: BNB to climb to $150.00 resistance level

The oscillators show buy signals as the cryptocurrency appears to have risen by almost a dollar at the start of the year. At the time of writing, the BNB price was observed at the $37.63 level. The technical indicator movement has been fairly bullish over the past few hours. The Moving Average Convergence Divergence (MACD) line moves above the signal line while the histogram size is also increasing in the positive region.

The Relative Strength Index (RSI) stands above the midline and appears to be moving towards the overbought region. This means that the cryptocurrency is in the neutral range, and it is neither oversold nor overbought as of now. The upper Bollinger band is being tested by the BNB price with the midline as support. This means that the BNB market stands bullish as of now, and will see a rise in the short term time frame.

Binance Coin price prediction: What to expect from the BNB price?

Ali Reza expects the downtrend from the past 2 days to continue until Binance Coin reaches the bottom, near the $33.59 level. A buy signal is laid between the $31.7 and the $33.59 levels. If the coin gathers enough volume in this trading range, the price will move up towards the $40.45 level.

Binance price chart 2 - 1 January
Binance Coin price prediction chart by Trading View

The movement depends on the Bitcoin market as well, since if we look at the chart above, we can also observe a head and shoulders forming on the charts. The head and shoulders will come into play if the cryptocurrency hits a resistance near the $36 mark and bounces off to turn towards the downside. This will form a head and shoulders on the 4H time frame and it will leave the cryptocurrency bearish. In the case that an H&S pattern is formed, the price should move towards the $26.333 support, that lies at the bottom of this chart.

Per this Binance Coin price prediction, the current target range lies between the $43.71 and the $46.92 levels. The Binance Coin price prediction will come into play if the BNB price breaks above the $37.65 mark after falling bearish to $33.59. Upper resistances lie at $40.45, $43.71, and $46.92. This means that the cryptocurrency is bullish on the long-term trade for the Binance Coin price prediction.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Tags: cryptocurrency tradingcryptomarket
Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Binance Coin price
Binance News

Binance Coin price: BNB recovers $250, what’s next?

February 24, 2021
Binance coin
Binance News

Binance Coin surpasses Tether in market capitalization

February 20, 2021
Binance
Binance News

Binance suspends ETH withdrawals

February 19, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Elon Musk

Elon Musk under investigation for Dogecoin tweet

February 25, 2021
Cardano price

Cardano price prediction: ADA to challenge $1.20 resistance again

February 25, 2021
Coinbase

Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

February 25, 2021
Ethereum price

Ethereum price recovers to $1,650, what next for ETH?

February 25, 2021
US exchange, Coinbase files with SEC to go public through direct listing

US exchange, Coinbase files with SEC to go public through direct listing

February 25, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 6

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.