• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, September 27, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

BINANCE COIN PRICE ANALYSIS & PREDICTION (July 12) –BNB Gains 4% Daily But Remains in a Tight Range, Can It Break Through?

Michael Fasogbon by Michael Fasogbon
July 13, 2023
in News
Reading Time: 3 mins read
0
10
SHARES
Share on TwitterShare on Facebook

After facing serious legal issues in the past month, Binance Coin dropped heavily, remained in a tight range and continued to find a breakthrough. However, it just bounced off a fundamental level.

A 4% daily recovery has put BNB ahead of the top 10 altcoins on the CMC after trading as low as $231 in the early hour of today. 

As a result, the price went up and looked greenish with a bullish engulfing pattern in the 4-hour time frame. This candle pattern indicates a potential bullish, which could bring the asset out of its four-week consolidation phase. 

If that happens, the key support levels lost during June’s crash could be retested as resistances before resuming bearish. And if the price continues to advance higher, the coin could witness a short-term increase towards the important $300 level. 

Considering a breakdown from the consolidation phase, BNB may extend bearish to $200 or even lower before it finds a solid ground for bullish. Gauging the trading volumes over the past hours shows that the bulls are in control now.

To sum it all up, BNB is still maintaining a neutral-bearish trend on the daily chart. An expansion from the consolidation phase could determine where next it’s heading for. Otherwise, it will remain in a tight range until it finds a breakthrough. 

BNB Key Level To Watch

Source: TradingView

BNB has held the $231.6 level as daily support. Below this level lies the $225 and $220.6 supports. A crack from there could cause a sell-off to $210 and $200. There’s also major support at $184 if the price dips.

Following the last surge, which targets the $252.8 resistance level, an increase above that level could propel buying to $257, $265 and $270 to test the descending trendline. Higher resistance levels for a retest lie at $283.2 and $300.

Key Resistance Levels: $252.8, $270, $283.2

Key Support Levels: $231.6, $225, $220.6

  • Spot Price: $243
  • Trend: Neutral-Bearish
  • Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: skorzewiak/123RF // Image Effects by Colorcinch
Tags: binanceBNB
Previous Post

POLYGON MATIC PRICE ANALYSIS & PREDICTION (July 11) – Matic Flips Five-Month Resistance Line With 10% Daily Surge, Can it Advance Higher?

Next Post

Top Best 3 Ways To Raise Funds For A New Cryptocurrency Project

Related Posts

Featured

Tennessee Couple Fined in $7M Crypto Scam

September 27, 2025
$110M GAIN Hack Rocks Market — Is the Bounce Just a Trap?
Meme Coins

$110M GAIN Hack Rocks Market — Is the Bounce Just a Trap?

September 26, 2025
Crypto Market Tanks as Fed Uncertainty and Shutdown Fears Mount
Market Analysis

Crypto Market Tanks as Fed Uncertainty and Shutdown Fears Mount

September 26, 2025
Gala Games Web3 Gaming Smart Contract Crypto Hack Cybersecurity Law Enforcement 1
Featured

Hacker Loses 542M UXLINK Tokens

September 23, 2025
Featured

Metaplanet Expands Bitcoin Reserves Beyond 25,500 BTC

September 22, 2025
Bitcoin Near $115K: Bull Run or Just a Tired Rally?
Market Analysis

Bitcoin Near $115K: Bull Run or Just a Tired Rally?

September 22, 2025

Press Releases

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How
News

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

by Jordan Avery
September 21, 2025

Ethereum has always been more than just a coin with a ticker. And now, co-founder Vitalik Buterin is doubling down...

Read more
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier