Binance Coin Price Prediction for Today June 20: BNB Pauses above $220 As It Resumes Its Bullish Ascent

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Binance Coin Reaches Equilibrium Price Level As It Resumes Its Bullish Ascent – June 20, 2023

Binance Coin has been trading above the $220 support level as it resumes its bullish ascent. The cryptocurrency asset has reached a bottom. BNB has fallen and is retesting the historical price level of December 17, 2022, which is in equilibrium with the $220 low. Buyers recouped above the current support in December 2022, as the altcoin recovered to previous highs. There is a good chance that similar price action will occur soon.

Binance Coin Price Statistics Data:
• Binance Coin price now – $241.67
• Binance Coin market cap – $38B
• Binance Coin circulating supply – 155,853,126.56 BNB
•Binance Coin total supply – $37,669,023,059
• Binance Coin Coinmarketcap ranking – #9

Resistance Levels: $300, $350, $400
Support Levels: $200, $150, $100

The cryptocurrency asset is in decline, having dropped to its historical low of December 17, 2022. As the market approaches bearish exhaustion, the decline has reached the oversold region. In the meantime, the cryptocurrency’s price is fluctuating between $220 and $250. The upward trend is currently encountering initial resistance at the $250 high. If buyers overcome the initial resistance, the market will reach a high of $310. On the downside, the current support is likely to hold as buyers have continued to defend it in recent months.

BNB/USD – 4 Hour Chart

Meanwhile, Binance Coin is trapped between moving average lines in a shorter time frame, as it resumes its bullish ascent. When the moving average lines are breached, BNB will trend. Price movement is currently slow due to the presence of Doji candlesticks. However, if the consolidation continues above the current support consistently, the BNB price will rise.

Binance Coin Alternatives

The BNB/USD pair has paused above the critical support level of $220. As the altcoin falls to its previous low, more buyers are likely to be drawn to lower price levels. In addition, these new buyers will help the altcoin regain its bullish momentum. As long as the current support holds, buyers are attempting to push the altcoin above the initial resistance level of $250. If buyers are successful, the crypto asset will regain bullish momentum. Similarly, Wall Street Memes (WSM) tokens will rise as new buyers enter at lower prices.

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