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Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on these pages constitutes a solicitation, recommendation, endorsement or financial, investment or other advice. Seek independent professional consultation in the form of legal, financial and fiscal advice before making any investment decisions.
- Binance Coin fell -3.59% today against the US Dollar
- Binance Coin is currently trading 11.77% below our Sep 16, 2023 prediction
- Binance Coin is down -14.86% in the past month and down -30.27% since 1 year ago
| Binance Coin Price | $204.96 |
| Binance Coin Predictions | $232.31 (12.25%) |
| Sentiment | Rough |
| Fear & Greed Index | 40 (Fear) |
| Key support levels | $211.27, $210.09, $208.53 |
| Key resistance levels | $214.00, $215.56, $216.74 |
BNB price is expected to rise 12.25% in the next 5 days according to our Binance Coin price prediction
According to our Binance Coin price prediction, BNB is expected to reach a price of $232.31 on September 16, 2023. This would represent a BNB price increase of 12.25% in the next 5 days.
BNB Price Prediction Chart
Buy/Sell Binance Coin
What happened with Binance Coin in the last 30 days
Binance Coin has shown a negative trend recently, as the coin lost -14.86% in the last 30 days. The medium-term trend for Binance Coin is bearish, with BNB down -14.08% in the last 3 months. The long-term outlook for Binance Coin is negative, as BNB currently shows a price change of -30.27% in 1 year. On this day last year, BNB was trading at $293.94.
Binance Coin reached its all-time high price on May 10, 2021, when BNB price peaked at $689.33. BNB’s current cycle high is $386.87, while the cycle low is $185.52. BNB has shown low volatility recently – the coin’s 1-month volatility is at 4.34. Binance Coin recorded 12 green days in the last 30 days.
Binance Coin technical analysis for today – Sep 11, 2023
Sentiment in the Binance Coin market is currently Bearish, and the Fear & Greed index reads Fear. The most important support levels to watch are $211.27, $210.09 and $208.53, while $214.00, $215.56 and $216.74 are the key resistance levels.
Bearish sentiment for Binance Coin
2 indicators currently signal a bullish prediction for Binance Coin, while 28 indicators indicate a bearish forecast. With 93% of indicators supporting negative predictions. This results in a whole Rough sentiment for Binance Coin.
The Crypto Market is currently experiencing Fear
Currently, the Fear & Greed index is at 40 (Fear)which indicates that investors have a negative view of the market. The Fear & Greed Index is a measure of sentiment among cryptocurrency investors. A “Greed” reading indicates that investors are currently optimistic about the cryptocurrency market, but it can also be an indication that the market is overvalued. Conversely, the “Fear” number signals that investors are currently hesitant about the cryptocurrency market, potentially representing a buying opportunity.
Binance Coin moving averages & oscillators
Let’s see what some of the most important technical indicators show. We will discuss moving averages and key oscillators that will allow us to get a better idea of how Binance Coin is positioned in the market today.
| Period | Simple Everyday | Daily Exponential | Simple Weekly | Weekly Exponential |
| MA3 | $213.81 (SELL) | $212.45 (SELL) | – | – |
| MA5 | $214.72 (SELL) | $213.64 (SELL) | – | – |
| MA10 | $214.62 (SELL) | $214.83 (SELL) | – | – |
| MA21 | $216.31 (SELL) | $217.53 (SELL) | $262.04 (SELL) | $248.76 (SELL) |
| MA50 | $228.79 (SELL) | $226.41 (SELL) | $282.41 (SELL) | $277.02 (SELL) |
| MA100 | $237.93 (SELL) | $241.46 (SELL) | $335.84 (SELL) | $286.77 (SELL) |
| MA200 | $276.23 (SELL) | $261.24 (SELL) | $241.07 (SELL) | $248.04 (SELL) |
| Period | Mark | Action |
| RSI (14) | 34.72 | NEUTRAL |
| Stock RSI (14) | 46.07 | NEUTRAL |
| Fast Stochastics (14) | 3.76 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 23.91 | NEUTRAL |
| Awesome Oscillator (5, 34) | -8.08 | NEUTRAL |
| The momentum (10) | -4.31 | NEUTRAL |
| MACD (12, 26) | 0.46 | NEUTRAL |
| Williams Percent Range (14) | -96.24 | BUY |
| Primary Oscillator (7, 14, 28) | 47.04 | NEUTRAL |
| VWMA (10) | 214.62 | SELL |
| Average Hull Movement (9) | 215.40 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 220.74 | NEUTRAL |
Relative Strength Index (RSI 14) is an indicator that is widely used to help inform investors whether an asset is currently in an overbought or oversold condition. The RSI 14 for Binance Coin is at 34.72, indicating that BNB is currently neutral.
The 50-day Simple Moving Average (50 SMA) takes into account the closing price of Binance Coin over the last 50 days. Currently, Binance Coin is trading above the 50 SMA trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trend line calculated by taking the average closing price of BNB for the last 200 days. BNB is now trading above the 200 SMA, indicating that the market is currently bullish.
The bottom line about this Binance Coin prediction
After considering the above factors, we can conclude that the current estimate of the Binance Coin price prediction is Rough. BNB needs to rise 12.25% to reach our $232.31 target in the next five days. Going forward, it will be important to monitor BNB market sentiment, key support and resistance levels, and other metrics. However, we must remember that the cryptocurrency market is unpredictable, and even the largest crypto assets exhibit a lot of price volatility. For long term Binance Coin price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on these pages constitutes a solicitation, recommendation, endorsement or financial, investment or other advice. Seek independent professional consultation in the form of legal, financial and fiscal advice before making any investment decisions.
Source: https://coincodex.com/article/32191/binance-coin-prediction-september-11-2023/
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