BNB Price Oscillates As It Holds Above $1,040

Coinidol.com: the Binance Coin (BNB) price has completed its decline below the moving average lines.

However, the fall was halted by support at the 50-day SMA, and the altcoin began moving sideways.     

BNB price long-term prediction: bearish

Since October 10, BNB has been range-bound, remaining above the $1,040 support but below the $1,160 resistance level. Currently, the altcoin is trading between the 50-day SMA support and the 21-day SMA resistance. If buyers break above the 21-day SMA, BNB will rise to the next resistance level at $1,320. BNB would fall further, to $939, if the 50-day SMA support is breached. Now, bulls and bears are contesting price control at the 50-day SMA support. BNB is now trading at $1,085.

Technical indicators:  

• Resistance Levels – $1,000, $1,050, $1,200

• Support Levels – $900, $850, $800    

BNB price indicator reading

The price has been stuck between the moving average lines since October 17. The moving average lines have an upward slope, indicating a previous uptrend. On the 4-hour chart, the price bars are below the horizontal moving average lines, indicating a sideways trend.

BNB/USD daily chart - October 31, 2025

What is the next direction for BNB/USD?

BNB has continued to trade sideways, above the $1,040 support but below the $1,200 peak. The price movement is characterised by small, indecisive candlesticks known as Dojis. The cryptocurrency price is oscillating above the current support and below the moving averages. BNB will fall if the bears break below the $1,040 support.

BNB/USD 4-hour chart - October 31, 2025

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.