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Title: Binance Coin (BNB) Price Prediction for March 31
The current market dynamics have been quite unpredictable, with prices swinging wildly across various asset classes. In the context of Binance Coin (BNB), we’re closely monitoring its recent performance and providing a fresh price prediction for March 31.
In our previous analysis, we highlighted the importance of daily bar closes around key levels to trigger subsequent moves in the market. As of writing, the resistance of $606.73 is still intact. If the daily bar closes around that mark, it’s likely that we’ll witness a level breakout followed by a move towards the $620 zone.
On a bigger time frame, BNB’s price action doesn’t quite approach key levels, and traders should instead focus on the vital zone of $600. This level can act as both support and resistance, meaning that if the price fixes above it, we might be on the verge of an ongoing upward move towards the $620-$640 range.
From a midterm perspective, the BNB price has made a false breakout below its previous low. If the weekly candle closes away from this area, there is potential to witness a bounce back to the middle of the channel.
As of writing, BNB trades at $599.92.
It’s essential for investors and traders alike to keep an eye on these levels and the overall market sentiment while maintaining a diversified portfolio.
Source: https://u.today/binance-coin-bnb-price-prediction-for-march-31
