Price Analysis

Binance Coin (BNB) Indicates a High Possibility of Price Rally

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The market opened with the bulls today. Yesterday, the altcoins were spotted under a huge selling pressure which seems to be lifted today. There are many currencies in the market, dealing with a positive sign. The coins include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more. Binance Coin (BNB) also comes under the same names.

The intraday traders of Binance Coin can expect a good day. There are also speculations that the uptrend would stay for a while.

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Binance Coin Price Analysis

Yesterday, BNB Coin opened with a slight uptrend. The price jumped from $22.1578 to $22.3690 by 0.95%. Later, the BNB price dropped and touched $20.5 by marking a regression of 8.12%. The rest of the day marked an escalation in the price. The day closed at $21.599 with an intraday drop of 2.52%. Today, Binance Coin started the day at $21.59913. Within a few hours, the BNB coin price fell to $21.203 by 1.83%. Then, it kept a moderate movement.

Binance Coin Price
BNB Chart By TradingView

Binance Coin holds a high possibility of trading upward in the future. The currency is among the top 10 cryptocurrencies, which is considered as a result-oriented investment. The Market Cap of BNB is noted as $3,352,551,904. The circulating supply has 155,536,713 BNB. The ROI is marked as >9000%. The 24-hour volume is marked as $221,969,708.

Binance Coin is anticipated to close the year by crossing its 30-Day high of $27.45. The currency would be best suited for long-term traders. The specified period would help the traders’ book huge returns.

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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