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.

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. Through Future predictions for Binance Coin, we are anticipating that the currency 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.

Related Articles

Back to top button