Price Analysis

Binance Coin (BNB) Minimizes Loss Overnight; Now Aims at Stability

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  • Binance Coin has been eyeing towards stability as it reduced the loss significantly and managed to stay above $15
  • BNB price may soon rally towards $16 as the next resistance is expected at $15.64

Binance Coin has shown a decline of 0.98% over the last 24 hours, and the price has now rested around 15 USD. There have been three major price variations in this one day in the range between 16 USD and 14.7 USD.

Binance Coin Price Prediction

BNB coin started the day at 15.26 USD and over the next 8 hours, it lost 0.38 USD to get placed at 14.87 USD, the lowest for the day. At 08:15 UTC, Binance Coin showed some strength, and it could scale the price to as high as 16.0013 USD by 13:24 UTC. The last variation happened between 13:24 & 01:52 UTC, and in these 12 hours and 28 minutes, the coin lost 1.21 USD and reached 14.78 USD.

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Binance Coin
BNB Price Chart By TradingView

Binance Coin’s market cap on December 04 was 2.376 billion USD, and it has fallen to 2.356 billion USD over the last 24 hours. There has been a constant decline in the market cap since the last seven days barring one instance.

BNB coin’s 20 days MA is now at 15.0780 USD, and it’s 50 days MA stands at 14.9968 USD. The current price of Binance Coin at 15.1199 USD is 0.80% and 0.26% more than the 50 days & 20 days moving averages, respectively. The coin may soon see some bullish movement, and investors are advised to wait for the right time to sell. The next halt for Binance Coin may come at 15.64 USD as its resistance.

Resistance and Support Levels

R1- $15.64, R2- $16, R3- $16.32

S1- $14.96, S2- $14.64, S3- $14.28

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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