Binance Coin Price Update and Technical Analysis for October 23[embed]https://www.youtube.com/watch?v=Zub3bSIZWBk[/embed][embed]https://www.youtube.com/watch?v=zeYzkEclppA[/embed]

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</div></div></div><p>The prediction for Binance Coin indicates that BNB is expected to remain above the moving averages, with the attention now focused on the $600 mark.</p>
<h2>Binance Coin Prediction Statistics:</h2>
<ul>
<li>Current Binance Coin price – $599.6</li>
<li>Market cap for Binance Coin – $86.7 billion</li>
<li>Circulating supply of Binance Coin – 145.9 billion</li>
<li>Total supply of Binance Coin – 145.9 billion</li>
<li>Coinmarketcap ranking for Binance Coin – #4</li>
</ul>
<p>Investing early in cryptocurrencies can yield notable benefits, and Binance Coin serves as an excellent illustration of this potential. As of now, its price varies between $587.20 and $600.89, with a historical peak of $720.67 attained on June 6, 2024, marking a 17.51% drop since then. It is worth noting that it started its journey at an all-time low of $0.09611 on August 1, 2017, marking a staggering increase of +618,456.09%. This impressive growth makes Binance Coin a valuable asset for both novice and experienced investors in the ever-changing crypto environment.</p>
<h2>BNB/USD Market</h2>
<p>Key Levels:</p>
<p>Resistance levels: $665, $675, $685</p>
<p>Support levels: $535, $525, $515</p>
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<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/BNBUSD_21102024.png" alt="Binance Coin Price Prediction for October 23 – BNB Technical Analysis" width="1437" height="738" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/BNBUSD_21102024.png 1437w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBUSD_21102024-300x154.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBUSD_21102024-1024x526.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBUSD_21102024-768x394.png 768w" sizes="(max-width: 1437px) 100vw, 1437px"/>
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<figcaption id="caption-attachment-590828" class="wp-caption-text">BNBUSD – Daily Chart</figcaption></figure>
<p><a href="https://coinmarketcap.com/currencies/bnb/">The BNB/USD pair is poised to break free from a prolonged descending channel, a pattern often signifying consolidation but indicating bullish momentum once cleared to the upside</a>. This development, which can be seen in the daily chart, has been in formation for several months before the price finally surpassed the moving averages, confirming a change in market sentiment.</p>
<h2>Binance Coin Price Prediction: Potential for a Bullish Trend</h2>
<p>At the moment, the BNB coin is stabilizing around $599.6, making a transition from resistance to support. This level is additionally supported by the 9-day moving average, providing dynamic support. The price may encounter the 21-day moving average, but it has shown resilience each time, indicating strong activity at a significant technical level. A drop below this level could trigger a retest of the support levels at $535, $525, and $515, but for now, the support remains solid.</p>
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<p>However, as long as the 9-day MA sustains its position above the 21-day MA, the speculation is for the coin to trend upward, potentially reaching resistance levels at $665, $675, and $685 in succession. Conversely, if sellers amplify selling pressure, a slight pullback could occur, drawing the price below the channel's lower boundary.</p>
<h2>BNB/BTC Trading Within the Channel</h2>
<p>Against Bitcoin, Binance Coin (BNB) continues to oscillate below the 9-day and 21-day moving averages, with prices likely set to execute a bullish cross above the upper boundary of the channel. However, as the market currently trades at 8873 SAT, the cryptocurrency may generate further gains if the 9-day moving average crosses above the 21-day moving average.</p>
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<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201437%20738'%3E%3C/svg%3E" alt="Binance Coin Price Prediction for October 23 – BNB Technical Analysis" width="1437" height="738" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024.png 1437w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024-300x154.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024-1024x526.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024-768x394.png 768w" data-lazy-sizes="(max-width: 1437px) 100vw, 1437px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024.png"/>
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<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024.png" alt="Binance Coin Price Prediction for October 23 – BNB Technical Analysis" width="1437" height="738" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024.png 1437w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024-300x154.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024-1024x526.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/BNBBTC_21102024-768x394.png 768w" sizes="(max-width: 1437px) 100vw, 1437px"/>
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</noscript><figcaption id="caption-attachment-590827" class="wp-caption-text">BNBBTC – Daily Chart</figcaption></figure>
<p>In contrast, should buyers amplify their purchasing activity, Binance Coin's price could rally towards the upper channel boundary before reaching the resistance level of 9550 SAT and beyond. However, any bearish movements could lead the price to fall under the 21-day MA, potentially attracting new sellers and targeting the support level of 8200 SAT and lower.</p>
<p>@CryptoZeinab, who has amassed 98.4k followers on X (formerly Twitter), has analyzed $BNB and detected a possible bullish inverse Head &amp; Shoulders pattern. A breakout above the neckline could propel the price higher, initially targeting $650, and possibly reaching up to $680.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="9.6806722689076">
<p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BNB</a> is forming a potential bullish inverse Head &amp; Shoulders pattern!</p>
<p>A break above the neckline could send it soaring – first target $650, then possibly $680. <a href="https://t.co/uiYw8CiQpP">pic.twitter.com/uiYw8CiQpP</a></p>
<p>— Crypto Zeinab (@CryptoZeinab) <a href="https://twitter.com/CryptoZeinab/status/1847183282078994568?ref_src=twsrc%5Etfw">October 18, 2024</a></p></blockquote>

<h2>Alternatives to Binance Coin</h2>
<p>Based on the daily chart, Binance Coin (BNB) has yet to establish a continuous bullish trend after peaking at $611.4. However, the BNB/USD pair demonstrates an encouraging potential to surpass the upper boundary of its present channel, particularly if buying momentum increases in the coming days. The long-term outlook for BNB remains optimistic. In contrast, Pepe Unchained, a newer venture, has shown substantial demand during its presale, accumulating nearly $22 million in just three months. While some investors perceive the presale as prolonged, the ongoing interest points to its increasing appeal.</p>
<p><strong>Pepe Unchained Approaches $22 Million in Presale – Significant Growth on the Horizon</strong></p>
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<p>Pepe Unchained is swiftly nearing $22 million in its presale, showcasing robust demand and presenting a unique investment opportunity for those keen on its growth. <a href="https://www.youtube.com/watch?v=zeYzkEclppA">With its cutting-edge Layer 2 blockchain crafted specifically for meme coins and substantial supporting infrastructure, including a decentralized exchange and developer grants, Pepe Unchained aims to become a leader in the meme coin sector</a>. Now is an ideal moment to invest, with retail interest at a low ebb and significant growth imminent. Don’t miss this chance to invest ahead of the next price hike.</p>
<p>Explore Pepe Unchained</p>
<h2>Latest Updates</h2>

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