Price Analysis

Binance Coin (BNB) Exhibits 4% Hike in the Last 24 Hours

  • Binance Coin (BNB) price improvement is slightly sliding towards the immediate resistance level
  • The intraday traders are expected to close with a positive sign

Binance Coin price is reflecting a moderate sign of improvement. The coin started the month with a growth spree. The traders were quite happy with the price improvement. Then, the BNB coin price fell, and the traders’ expectations doomed. Yesterday, Binance Coin was seen dealing at as high as $20.69 and at as low as $19.47.

Binance Coin Price Prediction

Yesterday, the BNB coin started dealing at $20.4262. The price jumped to $20.4954 by 0.34%. Further, the coin slipped to $19.13 by 6.64% drop. After the heavy fall, the Binance Coin price improved and went up to $19.8069 by 3.52%. The day closed at $19.41, with an intraday regression of 4.95%. Today, the price is seen improving from the beginning of the day. The BNB coin traded from $19.4159 to $19.8969 by 2.48%. If we compare the lowest of the last 24 hours to current price, the BNB coin shows 4% hike.

BNB coin price
BNB Chart By TradingView

Binance Coin is currently dealing at $19.9189. The movement in the coin is indicating that in the upcoming few hours, the coin might breach the immediate resistance level at $20.43.

Binance Coin is considered as high potential coin. The currency is recommended for long-term traders. The short-term investment is not likely to be as fruitful as the long term; hence, we suggest the long run.

Resistance LevelPriceSupport LevelPrice
R1$20.43S1$19.21
R2$21.17S2$18.73
R3$21.65S3$17.99
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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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