Price Analysis

Binance Coin (BNB) Continues to Fall; Declined by 7%

  • Binance Coin price falls under the market pressure
  • The downtrend is speculated to last for some time

Binance Coin (BNB) was seen booking high scores a few months ago. The coin fell under pressure, and the same is carried till now. The BNB coin was spotted fighting the bearish trend many times, but the same couldn’t help. The current price movement is quite disappointing and isn’t speculated to improve soon.

As per yesterday’s statistics, the coin was touching a high at $20.43 a low at $18.94. The volume of Binance Coin was $224,380,017.

Binance Coin Price Prediction:

Yesterday, Binance Coin started the day dealing at $20.1937. The price slipped to $19.907 in the later hours. Further, the price slipped to $19.626 by 1.46%. The BNB coin recovered slightly. The price hiked to $19.8289 by 0.9%.

Further, the price fell tremendously to $19.017 by 4.09%. The coin remained at the same level till closing. The intraday movement in the BNB price registered 5.35%.

Today, Binance Coin started at $19.1169. The price escalated to $19.2328 by 0.61%. Later, the BNB coin came under market pressure and fell to $18.76.

BNB Price Chart

Binance Coin is considered to give flourishing results in the future. The traders are keen for the coin due to its previous record. The current price of BNB coin is $18.75. The coin is at the immediate support level. The currency is speculated to slip to next support level at $18.07.

Resistance LevelPriceSupport LevelPrice
R1$20.19S1$18.7
R2$21.05S2$18.07
R3$21.68S3$17.21

Binance Coin is recommended for long-term traders. The short-term investment is not likely to give the desired result to the traders. Hence, we wouldn’t suggest the same for investment.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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