The Binance Coin has increased by a total of 40% over the last week, allowing a new high price of $401 all-time. After fighting the resistance to break at $348.66 (1.414 Fib Extend), the crypto-monetary found support for $320 earlier in the week.
This level ended up yesterday, allowing BNB to increase to the resistance of 380.86 dollars (1.618 Fib Extension). Today, BNB had just pushed up to $400 briefly before falling down to today’s level of $396.
BNB-USD Short Term Price Prediction
The first level of resistance is $400. Going forward. The $410 (Fib Extension – violet), $441.50 (Fib Extension – violet) and $466.25 follow. This is the result of a new version.
The first level of assistance on the other hand is $380. The next items are $ 350, $ 325, $ 305, $ 300, and $ 286,67, $ 305 (Fib 0,5, Fib & EMA 20, Days) (.618 Fib).
Now that the bullish impulse increases, the RSI has entered into extremely overcrowded conditions. The momentum was higher in February, however, indicating that BNB still has space for growth before the bull runs down.
BNB/BTC – Buyers Break 2021 Highs
Key Support Levels: 0.0065 BTC, 0.0063 BTC, 0.006 BTC.
Key Resistance Levels: 0.00671 BTC, 0.007 BTC, 0.00731 BTC..
In contrast to Bitcoin, BNB also boosts support to 0.0055 BTC at the beginning of the month. Yesterday, the 0.006 BTC was successful, with the new 2021 high at 0.00685 BTC today continuing above the highs in February at 0.0065 BTC.
Crypto-monetary trading at 0.00671 BTC is slightly lower, with a resistance of 1.414 Fibonacci Extension level.
BNB-BTC Short Term Price Prediction
The first resistance level in the future is 0.00671 BTC (1.414 Fib Extension). Beyond this lies the resistance to 0.007 BTC (fib extension of 1.618), 0.0075 BTC, and 0.0079 BTC (fib extension of 1.618).
The first aid level is 0,0065 BTC on the other hand. The following are: 0.0063 BTC (.382 Fib), 0.00552 BTC (.5 Fib) and 0.00527 BTC (.223 Fib). This is followed by 0.0044 BTC (.5 Fib) (.618 Fib & 20-day EMA).
The RSI is in overcrowded territory and approaches the pinnacle of momentum in February. That implies that the buyers may now be somewhat over-extended.