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Binance Coin BNB USD Forecast for 01/20/2021

The rate of the Binance Coin cryptocurrency at the time of writing the forecast and BNB / USD analytics for January 20 is at around 42.55.

BNB/USD quotes are above the Ichimoku cloud, which signals an upward trend in the cryptocurrency pair.

The support level is 41.2. If this level is broken, the bears on Binance Coin will face a stronger support level at 40.15 (the upper border of the Ichimoku cloud).

Binance Coin BNB USD Forecast

In the longer term, the cryptocurrency's desire to test the 38 level and gain a foothold below it would mean an attempt to reverse the global uptrend that has been going on since the advent of Binance Coin in 2019.

The resistance level for BNB/USD is 47.21. This is the absolute maximum since 2019, when the BNBUSD cryptocurrency first appeared on the open market. The renewal of the price high will mean that Binance Coin is aiming for growth towards the $ 50 mark per coin.

Thus, the BNB USD forecast for January 20 assumes an attempt to move upward and test the resistance level of 47.21.

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