Binance Coin Price Prediction: Breakout Could Point Above 450

The Binance Coin price prediction from last week remains unchanged, even with the abrupt exit of the erstwhile Chief Financial Officer Wei Zhou. 

According to a statement by the exchange, Zhou is leaving for personal reasons. Zhou had joined Binance in 2018 and oversaw the massive growth of the exchange as it quickly became the biggest crypto exchange in the world by trading volume.

The exit of Zhou has not affected the Binance Coin’s price, which continues to trade in low volumes close to the upper border of the symmetrical triangle on the daily chart. So what is the Binance coin price prediction for today?

Technical Levels to Watch

The Binance Coin price prediction is for the price to aim for a projected target of 481.15 if the token breaks above the upper edge of the symmetrical triangle. This border is presently at risk after today’s intraday violation. The breakout move would need to take out barriers at 388.35 and 427.63 initially and the 23 April low at 450.91 for the price target to be attained. 

On the other hand, a rejection at the upper border followed by the breakdown of the lower edge of the triangle allows 279.23 to become a new target. Below this area, the price wall between 221.03 and 200.66 becomes a new target, with 250.00 forming an intervening pitstop.

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Binance Coin; Daily Chart

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