Binance Coin Price Prediction – Will the Correction Continue Anytime Soon?

In our last Binance Coin Price Prediction , we wrote that the price could probably rally to $420 soon to test and confirm former support as resistance. As a result, the course also rose to $420. For a short time, the Binance Coin price was above the new resistance, but the price was pushed down on the same day, so that the daily closing price was below $420. Had we reclaimed $420 as support, we would expect more bullish price action. As this has not happened, we continue to expect bearish targets. But what are the next goals? We will explain to you today about the Binance Coin course!

Binance coin price could drop to $340 next as we have confirmed the $420 level as resistance. Since the price had a sideways phase between $360 and $390 before we reached $420, we assume that the price could find short-term support at $390 for a bit higher. After that it could go lower. The next target would be $360. There lies the support of the sideways phase, which is why we could find buyers there again. The last short-term target is $340. That's where the current low is.

The recent surge in Binance Coin price may have served as a rebound. The price could therefore continue its downward trend in the near future. The next target is therefore around $260. There is one of the biggest supports right now. However, we do not expect $260 until the price breaks a new low or $340 support. Once that happens, the probability that we will drop to $260 increases dramatically.

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