$BNB Binance Coin Price Prediction – Support protects from $200

In our last Binance Coin Price Prediction , we wrote that the price could soon drop another $100. The course then stabilized for the time being. But how could things continue in the short term? What levels need to be broken for the Binance Coin price to drop to $200? We'll enlighten you!

The Binance Coin price was able to find support at the $334 support. At this level, price was able to bottom even during the crash. Next, the price could rally to $420 to confirm the broken support as resistance. After that, after testing $420, it could head back down towards $330. If we hold this level, we would expect a next move towards $420. If this breaks, we assume that the Binance Coin price could soon be $200.

The Binance Coin course against Bitcoin was able to rise sharply in 2021, like many other cryptocurrencies. But for a few weeks the price has been in a sideways phase between the support 0.0075BTC and 0.012BTC. As the price recently confirmed the 0.012BTC resistance, we anticipate that the price could drop to around 0.075BTC in the near future.

Furthermore, it is possible that price has formed a double top formation. If that is the case, the 0.075BTC support would have to break. The target would be around 0.004BTC. For the time being, we see this goal as rather unlikely

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