Price Analysis

Binance Coin (BNB) Exhibits Indication of Upcoming Upsurge


Binance Coin price movement is giving mixed indications from the beginning of the day. There is a market pressure felt by the traders. However, the same seems to be lifted by now. There is an indication that it might close with a profitable digit. Yesterday, Binance Coin was seen dealing at a high of $20.43 and a low of $19.89. The volume was marked as $257,571,666.

Binance Coin Price Prediction:

Yesterday, Binance Coin started dealing at $20.1858. The price escalated to $20.4551. The progression was 1.33%. Later, BNB coin price fell to $19.7273 by 3.55%. Towards the closing hours, the price recovered and went up to $20.2295 by 2.55%. The overall intraday movement brought 0.20% profit.

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Today, the coin started the day with a 2.91% escalation. The price touched $20.8214 but fell immediately to $20.2731 by 2.63% drop. BNB coin is on the recovery spree and is trading at $20.5171 as of now.

BNB to USD Price Chart
BNB Chart By TradingView

Binance Coin is seen keeping it tight around $20. In the last seven days, the coin slipped to $19 only twice, and both the times it crawled back to $20. As per the current price, BNB coin has breached the immediate resistance level at $20.46 and the next level at $20.72. We are anticipating that it would touch the major resistance level by the end of the day. Here is the list of calculated support and resistance levels:

Resistance Level Price Support Level Price
R1 $20.46 S1 $19.92
R2 $20.72 S2 $19.64
R3 $21 S3 $19.38

Binance Coin is speculated to bring a great result in the future. The traders interested in the coin can dig-in with a high prospect. We would recommend the traders to pick long-term investment for booking a huge profit in return.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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