BNB Binance Coin Bearish

6. Juli 2023

Daily Bearish
Weekly Bearish
Bearish Sentiment 93%

POC analysis:earish
Volume Bearish
RSI Bearish
Stochastic Bearish
MACD Bearish

Resistance Supports See on the Chart

According to current Binance Coin price prediction, the value of Binance Coin is predicted to drop by -14.33% and reach $ 208.93 by July 11, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 56 (Greed). Binance Coin recorded 13/30 (43%) green days with 4.33% price volatility over the last 30 days. Based on our Binance Coin forecast, it's now a bad time to buy Binance Coin.



Current Price
$ 239.26

14-Day RSI
42.46

Based on data from July 06, 2023 at 11:03, the general Binance Coin price prediction sentiment is bearish , with 2 technical analysis indicators signaling bullish signals, and 27 signaling bearish signals.

Binance Coin is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 33 days, since Jun 02, 2023.

The price of Binance Coin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 59 days, since May 07, 2023.

The most recent Death Cross in the Bitcoin market happened 25 days ago, on Jun 11, 2023. Meanwhile, a Golden Cross last occurred on Feb 09, 2023, which was 147 days ago.
Based on our technical indicators, Binance Coin's 200-day SMA will drop in the next month and will hit $ 288.44 by Aug 05, 2023. Binance Coin's short-term 50-Day SMA is estimated to hit $ 221.70 by Aug 05, 2023.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 42.46, which indicates that the BNB market is in a neutral position.


Daily Simple Moving Average (SMA)
Period Value Action
SMA 3 $ 243.18 SELL
SMA 5 $ 244.69 SELL
SMA 10 $ 240.42 SELL
SMA 21 $ 241.98 SELL
SMA 50 $ 269.75 SELL
SMA 100 $ 295.26 SELL
SMA 200 $ 295.30 SELL

Daily Exponential Moving Average (EMA)
Period Value Action
EMA 3 $ 240.46 SELL
EMA 5 $ 242.24 SELL
EMA 10 $ 242.22 SELL
EMA 21 $ 244.95 SELL
EMA 50 $ 262.90 SELL
EMA 100 $ 280.66 SELL
EMA 200 $ 291.25 SELL

Weekly Exponential Moving Average (EMA)
Period Value Action
EMA 21 $ 282.41 SELL
EMA 50 $ 297.54 SELL
EMA 100 $ 297.21 SELL
EMA 200 $ 248.96 SELL


Binance Coin Price Forecast

Date Price Change
Jul 7, 2023 $ 245.89 0.82%
Jul 8, 2023 $ 227.94 -6.54%
Jul 9, 2023 $ 230.03 -5.68%
Jul 10, 2023 $ 210.99 -13.49%
Jul 11, 2023 $ 208.93 -14.33%
Jul 12, 2023 $ 199.67 -18.13%
Jul 13, 2023 $ 206.97 -15.14%
Jul 14, 2023 $ 213.53 -12.45%
Jul 15, 2023 $ 202.24 -17.08%
Jul 16, 2023 $ 203.15 -16.70%
Jul 17, 2023 $ 208.93 -14.33%
Jul 18, 2023 $ 208.54 -14.49%
Jul 19, 2023 $ 207.74 -14.82%
Jul 20, 2023 $ 207.17 -15.05%
Jul 21, 2023 $ 215.68 -11.57%
Jul 22, 2023 $ 214.99 -11.85%
Jul 23, 2023 $ 206.75 -15.23%
Jul 24, 2023 $ 209.78 -13.98%
Jul 25, 2023 $ 202.35 -17.03%
Jul 26, 2023 $ 199.03 -18.39%
Jul 27, 2023 $ 200.26 -17.89%
Jul 28, 2023 $ 197.65 -18.96%
Jul 29, 2023 $ 194.74 -20.15%
Jul 30, 2023 $ 198.72 -18.52%
Jul 31, 2023 $ 201.77 -17.27%
Aug 1, 2023 $ 204.77 -16.04%
Aug 2, 2023 $ 206.81 -15.20%
Aug 3, 2023 $ 206.69 -15.25%
Aug 4, 2023 $ 204.75 -16.05%
Aug 5, 2023 $ 201.98 -17.18%

6. Juli 2023

Anmerkung

BNB’s bearish stance could last longer than anticipated

To add to the bearish sentiment, CoinGlass’ chart gave more reasons to be concerned. As per the data, BNB’s open interest gained upward momentum.

Increasing open interest represents new or additional money coming into the market. Therefore, an increase in open interest implies that the current market trend might not change anytime soon.

6. Juli 2023

Anmerkung

TREND Bearish
US Mortgage Rates Rise to 8-Month High
The average rate on a 30-year fixed mortgage increased by 10 basis points from the previous week to 6.81% in the week ending July 6th, the highest November 2022 as higher interest from the Federal Reserve underpinned expensive mortgage rates for American consumers. A year ago, the 30-year fixed mortgage rate was at 5.3%. “Mortgage rates continued their upward trajectory again this week, rising to the highest rate this year so far,” said Sam Khater, Freddie Mac’s Chief Economist. “This upward trend is being driven by a resilient economy, persistent inflation and a more hawkish tone from the Federal Reserve. These high rates combined with low i

11. Juli 2023

Anmerkung

US 10-Year Treasury Yield Down for 2nd Session

The yield on the US 10-year Treasury note fell below 4%, retreating for the second consecutive session after hitting its highest since November 2022 at almost 4.1% as investors turned cautious ahead of key economic data that could influence the Federal Reserve’s next interest rate policy moves. The CPI report on Wednesday is expected to show headline annual inflation fell to 3.1% in June from 4% in the previous month, while the core index probably decreased to 5% from 5.3%. Markets are now pricing in a 94.9% chance of rates being hiked again during the central bank’s upcoming meeting on July 25-26 but uncertainty remains for the other three Fed meetings scheduled for later in the year. In the latest Fed commentary, Fed President Mary Daly said that she expects two further rate hikes to be announced this year to lower inflation, in line with early comments from Fed Chairman Jerome Powell.

Americans Become More Pessimistic in July
The IBD/TIPP Economic Optimism Index in the US unexpectedly fell to 41.3 in July 2023, the lowest since November last year, compared to 41.7 in June and market forecasts of 45.3. It also marks a 23rd month the reading stands below 50, indicating Americans remain pessimistic. “The economy continues to be the number one issue for Americans as we prepare for earnings season and new inflation data. The Six-Month Economic Outlook was the lone bright spot for July, as optimism slightly increased for the long-term, but it’s still a long way from positive. Expect some more twists and turns before consumers trust that the economy has stabilized”, said Ed Carson, IBD's news editor. The Personal Financial Outlook, a measure of how Americans feel about their own finances in the next six months, fell to 50 from 51.9 and the gauge for Confidence in Federal Economic Policies edged lower to 38.5 from 38.6. On the other hand, the Six-Month Economic Outlook rose to 35.5 from 34.5.