Price Analysis

Binance Coin (BNB) Puts a Step Forward towards Bullish Upsurge

  • Binance Coin forwards its recovery and gains 4.39% overnight to go above $16
  • It may soon breach $16.55 as its next resistance point

BNB Coin has exhibited strength over the last 24 hours. Like all other its major peers, it has also shown a hike of 4.39% in these hours, and the value has gone from 15.36 USD to 16 USD. The price movement pattern can be divided into three major price fluctuations.

Binance Coin Price Prediction

Binance Coin was being traded at 15.36 USD at the opening of the day, and over the next 9 hours and 35 minutes, it lost 4.74% and got placed at 14.63 USD. It was followed by a 10.88% hike that added 1.59 USD to the value and pushed the BNB price to 16.23 USD, the highest for the day. The last variation happened between 18:34 & 01:57 UTC, and in these 7 hours and 24 minutes, Binance Coin lost 2.62% to touch 15.81 USD.

Binance Coin Price
BNB Chart By TradingView

BNB coin has witnessed a growth in the market cap over the last 24 hours. It was at 2.503 billion USD on November 27, and it has been increased to 2.508 billion USD today.

Binance Coin’s 20-days MA stands at   16.0918335 USD, and its 50-days MA is now at 15.9924104 USD. The current price of BNB coin is 16.0354727 USD that is 0.26% more and 0.35% less than the 50-days and 20-days moving averages, respectively. Binance Coin may see the next halt at 16.55 USD in the coming few days.

Binance Coin (BNB)Resistance and Support Levels
1st Resistance$16.55333
2nd Resistance$17.00666
3rd Resistance$17.81333
1st Support$15.29333
2nd Support$14.48666
3rd Support$14.03333
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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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