According to the current market situation, BNB is being traded at approximately $300
and it has been fluctuating between $200-$300 for the past few months.
Looking at the weekly chart, $340 is a significant resistance level, and if the price falls below this level, there could be a further downtrend.
It is expected that BNB will reach a 0.5 Fib retracement level, which is around $160, but if the price fails to hold this level, the best opportunity to buy may be around $100.
A bull flag also forming in the high-time frame, indicating a bullish long-term trend, so it is recommended to accumulate #BNB for the long term.
The long-term target for BNB is $2000.
The support levels are $250 and $160, and the resistance level is $340.
This chart is for educational purposes only, and it is not financial advice.
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Twitter: twitter.com/CryptoPatel
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Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.