following the uptrend's conclusion on March 13, 2024.

Long-term price prediction for BNB: range

The price of the cryptocurrency began a range-bound move between $520 and $630 after breaking above the 21-day SMA.

The price movement has slowed down since doji candlesticks are present. Doji candlesticks represent traders who are unsure of the market's direction.

Now, BNB is valued at $554.40. The alternative coin is attempting to penetrate the lower price range. In the event that the bears breach the $520 support, BNB would fall to $420.

Positively, the price motion is being slowed down by the doji candlesticks. The altcoin will continue to rise if the $645 barrier level is breached. The market is expected to reach a peak of $920.

Reading of the BNB indication

The little doji candlesticks that show up in between the moving average lines are known as BNB price bars. Doji candlesticks shed light on traders' disinterest in the direction of the market.

As long as the price bars are situated between the moving average lines, the BNB indicator will remain erratic.

What course will BNB/USD take next?

As the altcoin trades between $520 and $630, BNB has not changed. For several more days, the cryptocurrency will remain in a range as long as doji candlesticks control the price activity.