BNB's price has continued to rise despite a drop above the moving-average lines.

BNB Price Long-Term Prediction: Bullish

Since January 13, the upward trend has been stalled under $960. The cryptocurrency is currently in a range, trading above moving average lines and below the $960 peak.

If buyers are able to break through the $960 mark, they could see the trend rise as high as $1,078. BNB could fall below moving average lines, possibly crashing to retest $800 as its crucial support. BNB, meanwhile, has retraced but remains above the $940 resistance.

Technical Indicators:

• Resistance levels - $1,000, $1.050, and $1.200

• Support Levels - $900, $850, $800

BNB price indicators reading

Since January 2, the price bars are above the moving average horizontal lines. BNB will continue rising as long as price bars remain above moving average lines. On the 4-hour chart the price bars are over the upward-sloping average line. If the price drops below the moving average line, the uptrend will be over.

What is the next trend for BNB/USD?

BNB is now above its previous high of $920. The uptrend on the 4-hour chart has been below $950 since January 14. BNB is trading within a tight range, above the moving-average lines but below $950. Once the current levels have been breached, BNB will begin to trend. Buyers are trying to push the price above $950 in the interim.

Disclaimer. Disclaimer: This is a personal opinion of the author. The author collected the data and it is not sponsored by a company or token developer. This is not an endorsement of CryptoGuestPosts and does not constitute a recommendation for the purchase or sale of cryptocurrency. Before investing in funds, readers should conduct their own research.