BNB price (Binance coin) is struggling to clear the $315 resistance against the US Dollar.It is declining and remains at risk of a move below $300.- Binance coin price is moving lower from the $315 resistance against the US Dollar.- The price is now trading below $312 and the 100 simple moving average (4 hours).- There is a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB/USD pair (data source from Binance).
– The pair could accelerate lower if it breaks the $305 support zone.Binance Coin Price Dips Again This past week, BNB price attempted an upside break above the $312 resistance.However, the bulls struggled to gain strength above $315, similar to Bitcoin and Ethereum.
A high is formed near $315.5 and the price is now moving lower.There was a move below the 50% Fib retracement level of the upward move from the $304 swing low to the $315 high.BNB price is now trading below $312 and the 100 simple moving average (4 hours).There is also a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB/USD pair.It seems like the price is now approaching the $305 support.Source: BNBUSD on TradingView.com On the upside, BNB is facing resistance near the $312 level and the 100 simple moving average (4 hours).The next major resistance is near the trend line or $315.A clear move above the $315 resistance might spark bullish moves.
The next major resistance is near the $320 level, above which the price might rise toward the $332 resistance.Any more gains might send the price toward the $340 level.More Losses in BNB? If BNB fails to clear the $315 resistance, it could continue to move down.Initial support on the downside is near the $307 level.
The next major support is near the $305 level.If there is a downside break below the $305 support, there could be an extended decline toward the $300 support.Any more losses could send the price toward the $284 support.Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bearish zone.
4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level.Major Support Levels – $305, $300, and $284.Major Resistance Levels – $312, $315, and $320.Aayush Jindal Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist.
He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer.He also founded an IT company and works rigorously in providing high-quality software services.Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets.Follow him on Twitter @AayushJs.
Leave a Reply [Cancel reply](/binance-coin/bnb-price-prediction-bears-target-fresh-lows-below-300/#respond) Leave a Reply Binance Coin How To Earn Free Binance Coin In 2023? This article shows how to earn free Binance coins in 2023 and you may exchange and credit This article shows how to earn free Binance coins in 2023 and when you get enough coins you may exchange them credit will be credited to your account as soon as feasible.The token was created with a total quantity of 200 million coins.According to the whitepaper, Binance intends to burn 50% of the total BNB supply (100 million) by reinvesting 20% of revenues each quarter.What Exactly is Binance Coin (BNB)? Binance Coin (BNB) is a cryptocurrency that may be used to trade and pay fees on the Binance cryptocurrency exchange.
Binance Coin users enjoy a discount on transaction costs on the Binance Exchange as an incentive.BNB may also be exchanged for other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others.What exactly is a free Binance Coin? Join the Binance Coin (BNB) train for private money transfers, quick peer-to-peer transactions, global payments, and minimal processing costs.Send money to friends and relatives, pay your rent, or buy anything from the other side of the world without the need for any middlemen.
Binance Coin Applications Transaction fees on the Binance Exchange: Users enjoy a discount when using BNB to pay for Binance Exchange transactions.Credit card payments: BNB may be used to pay cryptocurrency credit card bills on Crypto.com.
Payment processing: Customers may pay with BNB at merchants, providing them with more payment alternatives.Booking travel arrangements: BNB may be used to book hotels and flights on select websites.Entertainment: BNB serves a multitude of roles in the entertainment business, from purchasing virtual gifts to purchasing lottery tickets.Investment: Several websites let users utilize Binance Coin to invest in stocks, exchange-traded funds, and other assets.Loans and transfers: On certain sites, BNB may be used as collateral for loans.Some applications enable users to share expenditures and pay friends and family with Binance Coin.How does it function? Sign up for Idle-Empire: There is no need for further registration; you can immediately sign up for our site using your existing social media accounts.
We accept Google, Facebook, Twitter, Discord, and Steam logins.
Would you rather sign up with your email address and password? No worries, we’ve got you covered.Begin Earning Points: You may begin earning points once you have registered your account.
Completing paid surveys, games, movies, or software testing is all that is required.We provide a range of established earning ways, so you’re sure to discover something that works for you.
Binance Coin Redeem: When you’ve accumulated enough points, it’s time to cash in your Binance Coin We’ll make every effort to send your prize within 24 hours.In case you’re looking for something other than Binance Coin, our shop has plenty of different options.
Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice.Conduct your own research by contacting financial experts before making any investment decisions.The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims.- Digital investment products saw outflows of $54 million last week.
– While investors focused their attention on BTC and short-BTC, altcoins logged inflows Outflows from digital asset investment products totaled $54 million last week, bringing the third consecutive week of outflows to $200 million, CoinShares found in a report published on 15 May.Read Bitcoin’s [BTC] Price Prediction 2023-24 Per its previous report, CoinShares had noted that the continued exit of liquidity from digital asset investment products was due to the negative sentiments ravaging the general cryptocurrency market.As negative sentiments lingered last week, even more divestments were made, with a notable portion of those outflows related to Bitcoin [BTC].According to CoinShares, the $54 million in outflows from digital asset investment products recorded last week represented 0.6% of total assets under management (AuM).As the market trended downwards, causing the prices of crypto assets to fall, total AuM fell by “13% since their mid-April peak.” As BTC remains in the $27,000 price range, investment withdrawal climbs In its report, CoinShares found that “investors focus(ed) on Bitcoin,” as the king coin logged outflows totaling $38 million last week.
This represented 70% of the total monies removed from investment products during that period.Moreso, this figure brought the coin’s fourth week of outflows to $160 million.The additional $38 million in outflows brought the BTC’s month-to-date outflows to $69 million and year-to-date outflows to $78 million.It also led to a 4% reduction in the coin’s total AuM within a seven-day period.As for short-Bitcoin investments, there were $10.4 million worth of outflows, bringing its month-to-date outflows to $34 million.
In the previous week, short-Bitcoin investment products recorded their largest weekly outflows of $23.How much are 1,10,100 BTCs worth today? Alts were the winners Per CoinShares, the multi-assets investment market experienced a total outflow of $7 million last week.
However, an interesting trend of inflows was witnessed across eight distinct altcoin assets, “suggesting investors are becoming more adventurous and selective.” Altcoins such as Ethereum [ETH], Cardano [ADA], Tron [TRX], and Sandbox [SAND] recorded inflows of $100,000, $500,000, $230,000, and $200,000, respectively.Conversely, the only altcoin to witness outflows was Binance’s BNB coin, which saw a withdrawal of $500,000.Regarding regional sentiments, CoinShares noted: “Similar to last week, the outflows were broad from a regional perspective, suggesting negative sentiment is not concentrated on just a few investors.That said, the outflows were focussed primarily in Europe, particularly when taking into account that 84% of outflows in the US were from investors selling out of short positions.” Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.- Mild bullish momentum spurred gains for BNB.- Funding rates remained negative.
Binance Coin [BNB] climbed higher at press time, posting over 3.5% gains in the past 48 hours.The altcoin traded at $313.The mild bullish momentum followed bulls, securing the $303 support level.A recent price report highlighted the significance of this support level as a rallying point for BNB buyers.Read Binance Coin’s [BNB] Price Prediction 2023-24 With Bitcoin [BTC] also edging into the $27k price zone, BNB bulls will look to record more gains.However, they have a strong bearish order block to contend with.
Bulls defended the $303 support level The $303 level has previously acted as a strong support for BNB.A test of this support level in early April saw BNB rally to its Year-To-Date high of $350.BNB bulls will be hoping for a repeat.At press time, the on-chart indicators supported the mild bullish momentum.The OBV recorded an uptick to signal incoming volume.The RSI also crossed above the neutral 50 and stood at 56.1.The CMF added another confirmation with a reading of 0.15.
If the $303 support continues to hold, it will be a sign of bullish momentum that could tip the BNB/USDT pair to retest the recent price ceiling at $350.However, bulls will face significant pushback, due to a bearish order block at the $350 price zone.On the downside, a retest of the $303 support might signify a weakening structure.Such a move could see sellers drive the altcoin down to its March low of $283.
Is your portfolio green? Check the Binance Coin Profit Calculator Mixed sentiment could hamper bullish rally A view of BNB’s 30-day Market Value to Realized Value (MVRV) ratio on Santiment showed that BNB had crossed into overvalued territory.The MVRV metric, at press time, stood at approximately 2%.It hinted at increased upward movement for the altcoin.
However, the bears still held significant control in the futures market.Data from Coinalyze showed that funding rates remained negative while Open Interest also continued its decline.
Investors should track Bitcoin’s price movement and overall market sentiment, as BTC’s price action could influence BNB’s price direction.Top posts altcoin5 hours ago Ethereum Staking Hits Over $40 Billion After Shanghai Upgrade: What It Means For ETH The Ethereum (ETH) network has reached a significant milestone following the highly-anticipated Shanghai upgrade, as staking activity soars to new…BitFinex7 hours ago Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America A press release shared with Bitcoinist claimed that Bitfinex partnered with crypto bank OrionX.The cooperation will allow the trading…News8 hours ago “XRP Tokens are Not Securities”: Legal Expert Challenges SEC ripple sec lawsuit In a recent series of tweets, Bill Morgan, a digital asset enthusiast, and lawyer, expressed his concerns…
Bitcoin8 hours ago Sharks & Whales Accumulate Stablecoins, Why This Could Be Bullish For Bitcoin Data shows the sharks and whales of the largest stablecoins have been accumulating, something that may turn out to be…https://news.btcminingvolt.io/news/ripple-acquires-bitstamp-shares-bold-move-sparks-speculation-raises-eyebrows/ Ripple Acquires Bitstamp Shares: Bold Move Sparks Speculation, Raises Eyebrows Don’t Sell Your XRP Before Ripple v SEC Lawsuit The acquisition of Bitstamp shares by Ripple Labs, as advised by…Blog9 hours ago ChatGPT Training Courses and how to unlock AI’s full potential OpenAI’s flagship artificial intelligence product ChatGPT has become quite popular for its wide range of use cases.
The AI-powered chatbot…Bitcoin9 hours ago Bitcoin loses $27k level in red market: CryptoSlate wMarket Update Bitcoin loses $27k level in red market: CryptoSlate wMarket Update Oluwapelumi Adejumo · 28 mins ago · 2 min read…Cameron Winklevoss9 hours ago Gemini eyes UK as ‘second headquarters’ What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge.Learn more › Connect…
News9 hours ago XRP Attorney Reveals Damaging Evidence, Predicts SEC Backlash The highly-publicized case of the U.S.Securities and Exchange Commission (SEC) versus Ripple continues to raise interesting discussions, the latest…Bankruptcy10 hours ago Core Scientific to exit bankruptcy by September 2023 Bankrupt crypto miner to exit bankruptcy by September this year.The latest developments led to a 7% hike in Core…Cryptocurrency11 hours ago Bitcoin Price Prediction 2023, Analysts Back RenQ Finance (RENQ) With Full Might To Outperform BTC Bitcoin (BTC), the world’s leading cryptocurrency, has been the undisputed king of the crypto market for over a decade.However,…DeFi11 hours ago Cardano’s native DeFi protocols surge as TVL soars 230% in 2023 Cardano’s native DeFi protocols surge as TVL soars 230% in 2023 Samuel Wan · 4 hours ago · 2 min…Bitcoin11 hours ago Bitcoin whales resume accumulation following brief respite What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge.
Learn more › Connect…https://news.btcminingvolt.io/cryptocurrency/the-best-meme-coins-to-invest-in-2023-promising-presale-caged-beasts-prepped-to-outperform-dogecoin-and-shiba-inu/ The Best Meme Coins To Invest In 2023: Promising Presale Caged Beasts Prepped To Outperform Dogecoin And Shiba Inu? Meme coins have gained significant attention for their unique appeal as the cryptocurrency space has developed.Among the most talked-about…Latest News11 hours ago Avorak AI Utility NFTs Reach New All-Time High And Attracting Ethereum Holders Ethereum is the most widely used blockchain for NFTs.However, other blockchains, such as Binance Smart Chain (BSC) and Flow,…https://news.btcminingvolt.io/cryptocurrency/crypto-insider-news-shiba-inu-shib-and-renq-finance-renq-to-pump-10x-in-2023/ Crypto Insider News: Shiba Inu (SHIB) And RenQ Finance (RENQ) To Pump 10x In 2023 The cryptocurrency market has been a hotbed of excitement and speculation, with investors constantly on the lookout for the next…https://news.btcminingvolt.io/cryptocurrency/us-presidential-campaign-turns-to-crypto-impact-of-bitcoin-donations-on-big-eyes-coin-xrp-and-monero/ US Presidential Campaign Turns To Crypto: Impact Of Bitcoin Donations On Big Eyes Coin, XRP, And Monero As the upcoming US Presidential Campaign draws near, the role of cryptocurrencies in shaping political landscapes has become a topic…https://news.btcminingvolt.io/cryptocurrency/top-3-altcoins-set-to-revolutionise-the-crypto-market-in-2023-solana-arbitrum-and-caged-beasts/ Top 3 Altcoins Set To Revolutionise The Crypto Market In 2023: Solana, Arbitrum, And Caged Beasts In a world driven by innovation and disruption, three cryptocurrencies have emerged as frontrunners, ready to reshape the foundations of…
Trending – AI1 week ago Hedge Fund Mogul Stanley Druckenmiller Warns Of ‘Hard Landing’ For US Economy – Bearish1 week ago Bitcoin Price Outlook For May – Alameda Research1 week ago Blockfi Announces Self-Liquidation Plan After Failed Attempts To Sell Company – Technology1 week ago Ledger’s new phrase recovery feature has users spooked – AI1 week ago Ex-Ethereum developer calls Open AI founder’s Worldcoin project ‘unrealistic and scary’ – Alameda1 week ago This is how much bankrupt crypto lender BlockFi could gain from FTX recovery – Bithumb1 week ago Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings – Analysis1 week ago Biggest Movers: LTC Hits 2-Week High, As APE Extends Gains []https://news.btcminingvolt.io/uncategorized/hedge-fund-mogul-stanley-druckenmiller-warns-of-hard-landing-for-us-economy/ []https://news.btcminingvolt.io/uncategorized/bitcoin-price-outlook-for-may/ []https://news.btcminingvolt.io/uncategorized/blockfi-announces-self-liquidation-plan-after-failed-attempts-to-sell-company/ []https://news.btcminingvolt.io/technology/ledgers-new-phrase-recovery-feature-has-users-spooked/ []https://news.btcminingvolt.io/technology/ex-ethereum-developer-calls-open-ai-founders-worldcoin-project-unrealistic-and-scary/ []https://news.btcminingvolt.io/news/this-is-how-much-bankrupt-crypto-lender-blockfi-could-gain-from-ftx-recovery/ []https://news.btcminingvolt.io/uncategorized/korean-crypto-exchanges-upbit-bithumb-raided-over-lawmakers-crypto-dealings/ []https://news.btcminingvolt.io/uncategorized/biggest-movers-ltc-hits-2-week-high-as-ape-extends-gains/.
