This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The price of Binance coin (BNB) has been trading at $254. After an uptrend ended on November 6, the price entered a sideways trend. Buyers have made four unsuccessful attempts to resume the rise due to a barrier at $256. Currently, the bulls are retesting the resistance level in order to break through it. If successful, the market is expected to rise to a high of $280. However, if the bullish scenario is broken, BNB will remain in its current price range of $242 to $256. If the range is broken, BNB will go long. On November 14, BNB experienced a sharp fall but recovered and traded above the 21-day simple moving average (SMA). This indicates strong buying at lower price levels. The price bars have also returned above the moving average lines, suggesting an impending uptrend. Key resistance levels for BNB/USD are $300, $350, and $400, while key support levels are $200, $150, and $100. It is doubtful that BNB will rise above $256 again, as this is the fourth rejection of the current high. The altcoin’s downtrend is likely to continue as long as it remains above the moving average lines. The price fluctuations in BNB will continue, and it was reported that BNB/USD was moving between $235 and $255.