BNB Could Test Support at $250 as TAMA Jumps Northwards

Original author: Azeez Mustapha

The Binance Coin price prediction still maintains sideways movement but couldn’t break above the 9-day and 21-day moving averages.

Binance Coin Prediction Statistics Data:

Binance Coin price now – $278
Binance Coin market cap – $44.9 billion
Binance Coin circulating supply – 161.3 billion
Binance Coin total supply – 161.3 billion
Binance Coin Coinmarketcap ranking – #5

BNB/USD Market

Key Levels:

Resistance levels: $320, $340, $360

Support levels: $240, $220, $200

BNBUSD – Daily Chart

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At the time of writing, BNB/USD begins the day with a bullish movement, after which it touches the low of $275 support. However, the coin is moving below the 9-day and 21-day moving averages. More so, the current market situation isn’t impressive at all as the coin may keep moving sideways.

Binance Coin (BNB) May Decline Heavily; Tamadoge Jumps Northwards

According to the daily chart, the $320, $340, and $360 are significant resistance levels if the bulls push the Binance Coin above the 9-day and 21-day moving averages. On the downside, if the price experiences a break below the lower boundary of the channel, it could cause a bearish wave, and beneath this, further supports could be found at $240, $220, and $200. The technical indicator Relative Strength Index (14) is likely to cross below 40-level, suggesting a price drop.

Against Bitcoin, BNB is looking to retest the support at 1300 SAT as the coin moves to cross below the 9-day and 21-day moving averages. However, the Binance coin price has been moving sideways for the past few weeks and looking at it from above, the nearest level of resistance could be located at 1600 SAT and above.

From below, the coin may slide towards the lower boundary of the channel. Lower support could be found at 1250 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, which shows that the coin is likely to move to the north. Therefore, traders may need to see BNB/BTC rise and break towards the upper boundary of the channel.

Tamadoge is combining the fun of Tamagotchi with the play-to-earn mechanics made possible with NFT technology applied to gaming. Earlier this week the project completed the sixth phase on the project in which the coin was priced from 1 USDT to 44 TAMA. The price has since increased, to 1 USDT buying 40 TAMA. There will be nine tranches of token sales in all, with the price increasing at each stage. 711 million tokens have been sold so far out of a total of 1 billion that is available in the presale out of a total supply of 2 billion.

Tamadoge – Play to Earn Meme Coin

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