Binance Coin or BNB (BNB), is currently falling below moving average lines. Since July 5, BNB has been trading above the $460 barrier but below the $600 one.

Price forecasts for BNB over the long-term: fluctuations

The price fluctuated between the moving average line and below it. Altcoins are gaining in value today after the price fell below $480. BNB's price has fallen below its moving-average lines since August 27. If the price of the altcoin breaks above the moving-average lines, the trend will return to the upside.

If BNB diverges from the moving-average lines, then it will trade below these lines, but above the current $460 support. BNB's value is now $512.50.

BNB price indicator reading

The horizontal moving averages are now below the price bars. Moving average lines show a bearish cross-over, which indicates a decline of the cryptocurrency. Due to the formation of doji candles, the altcoin's rangebound movement has continued.

Technical indicators

Key r Resistance levels – $600, $650 and $700

Key support levels - $400, $350, $300

What is the next trend for BNB/USD?

BNB/USD has been trading sideways in the bearish zone. The altcoin has a small range on the bottom chart. The cryptocurrency's price is fluctuating between $480 and $520. Doji candlesticks have delayed the price movement.

On September 29 According to CryptoGuestPosts, BNB was in a bearish trend and was approaching the support level $470 on its daily chart.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.