The price of BNB (Binance coin) is settling below $250 versus the US dollar. If the price breaks through the $245 and $250 resistance levels, it might begin a rapid rise.

Binance currency is battling to break over the $250 barrier versus the US dollar.

The price is now trading below $245 as well as the 100 simple moving average (4 hours).

On the 4-hour chart of the BNB/USD pair, there was a break over a crucial negative trend line with resistance above $240. (data source from Binance).

Above $245 and $250, the pair may develop positive momentum.

#Binance Coin Price Is Expected to Rise More

#BNB pricing has seen a few of swing swings from $245 in the last several days. The bulls tried to break over the $250 resistance level. The price has responded to the negative many times, testing the $235 support zone.

Unlike Bitcoin and Ethereum, the price has made a bottom about $253.6 and is trying to rise again. There was a break over the $240 resistance level. The price increased over the 23.6% Fib retracement level of the decline from the $262 swing high to the $235 low.

In the 4-hour chart of the BNB/USD pair, there was also a break over a crucial negative trend line with resistance above $240. The price of BNB is now trading below $245 and the 100 simple moving average (4 hours).

On the upside, it is up against resistance at $245. The next significant barrier is at $250, or the 50% Fib retracement level of the decline from the swing high of $262 to the low of $235. A closing over the $250 resistance level may improve the likelihood of a push above the $255 level.

If BNB fails to break over the $245 barrier, it may begin another slide. To the downside, first support is at the $236 level.

The next significant support level is at $232. If the price breaks below the $232 support, it may fall below the $220 level. Any more losses might push the price down to the $212 support.

Indications of Technological Performance

4-hour MACD - The $BNB /USD MACD is losing ground in the positive zone.

4-hour RSI (Relative Strength Index) - The 4-hour RSI for #BNB/USDT is now above 50.

Significant Support Levels are $236, $232, and $220, respectively.

$245, $250, and $255 are the major resistance levels.