Binance Coin (BNB) Price Prediction for April 23

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According to CoinMarketCap, the crypto market is slightly up.

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BNB/USD

Binance Coin (BNB) rate has increased by 2% in the past 24 hours.

Image provider TradingView

BNB price is in the middle of a broad channel between support at $599.6 and resistance at $618.3. From a technical point of view, it is unlikely that we can expect any sharp moves until the end of the day as most of the daily ATR has passed.

Image provider TradingView

On larger time frames, neither the bulls nor the bears have the upper hand as the rate is far away from key levels. Such a statement is also assumed by the drop in volume.

In this case, the likely scenario is that the price will trade sideways in the $600-$620 zone for the next few days.

Image provider TradingView

I would like to pay attention to the vital zone of $600 on the weekly chart. If the candlestick closes above that, traders may expect the price to test the $645.2 resistance level by the end of the week.

At the time of writing, BNB is trading at $607.6.

About the author

Denis Selhychuk

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