Price Analysis

Binance Coin (BNB) Loses the Bullish Shine

BNB Coin Manages to Keep the Ground with a Marginal Hike

  • Binance Coin manages a hike of 0.29% in the last 24 hours and touched $15.64
  • The next crucial support for BNB coin may come around $16

Binance Coin has shown an increase of 0.29% over the last 24 hours, and the current price has now been scaled to 15.64 USD from 15.59 USD. It has shown three major price swings in this period.

Binance Coin Price Prediction:

BNB coin opened the day at 15.599 USD, and its first major swing happened between 00:32 and 02:25 UTC. Over this 1 hour and 53 minutes, the coin lost 2.18% value and reached the lowest point of the day at 15.33 USD. However, at 02:25 UTC, Binance Coin started showing strength again and managed a hike of 2.80% and added 0.429 USD to get placed at 15.768 USD by 16:00 UTC. Between 16:00 and 02:04 UTC today, BNB coin lost 0.99% value, and this swing cost it 0.156 USD and pushed the price to 15.611 USD.

BNB/USD Price Chart
BNB Chart by TradingView

The 20 days MA of BNB coin is now at 15.6468223 USD, and it’s 50 days MA stands at 15.651419 USD. Currently, Binance Coin price rests at 15.6455549 USD which is 0.037% and 0.008% less than the 50 days and 20 days moving averages, respectively. As the current price is lagging behind both the averages, no abrupt change can be expected anytime soon.

Binance Coin (BNB)Resistance and Support Levels
1st Resistance$15.84
2nd Resistance$16.01
3rd Resistance$16.18
1st Support$15.50
2nd Support$15.33
3rd Support$15.16
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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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