Price Analysis

Binance Coin (BNB) Loses Track by Falling 1.67% Overnight

  • Binance Coin starts the last month of the year with a bump; however, it falls to $15.44

The starting of December might not have gone well with the crypto market. Like many other cryptocurrencies, Binance coin has also faced a slump of 1.67% over the last one day. The three price variations have taken the value to 15.44 USD from 15.70 USD.

Binance Coin Price Prediction:

BNB Coin was being traded at 15.70 USD at the starting of the day, and over the next 9 hours and 48 minutes, it faced its first swing of 4.75% that cost it 0.74 USD. At 09:48 UTC, Binance Coin price started showing strength and added 0.6099 USD over the next 4 hours & 15 minutes and reached 15.56 USD. The third variation happened between 15:56 & 23:26 UTC, and in these seven and a half hours, Binance Coin’s price gained 2.54% and went to 15.59 USD.

Binance Coin Price Chart
BNB Price Chart by TradingView

The market cap of BNB coin on December 01 was 2.410 billion USD, and over the last 24 hours, it has shown a marginal increase to touch 2.412 billion USD.

Binance Coin’s 20 days MA stands at 15.4650094 USD, and it’s 50 days MA now roams around 15.4745731 USD. The current price of BNB coin at 15.4425942 USD is 0.20% and 0.14% less than the 50 days and 20 days moving averages, respectively. Binance Coin’s next few days may see signs of growth. As per the current trend, the next halt may come in terms of the resistance of 15.81 USD.

Binance Coin (BNB)Resistance and Support Levels
1st Resistance$15.81
2nd Resistance$16.12
3rd Resistance$16.5
1st Support$15.12
2nd Support$14.74
3rd Support$14.43
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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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