Price Analysis

Binance Coin (BNB) Reflects Marginal Improvement in Intraday Movement

Binance Coin is battling with the bears. The currency is not the only victim, as the top players of the market are also indicating a downtrend. The currency is speculated to lay good results in the future, but the current situation for the intraday traders is quite disappointing.

However, the BNB coin price is trying to improve. The same could direct the coin for a profitable closing, although the chances are quite thin.

Binance Coin Price Prediction

Yesterday, Binance Coin began the day at $16.1909. The currency dropped to $15.7302 by 2.85%. Later, there was a slight improvement that took the BNB coin price to $16.1243 by 2.49%. The coin couldn’t hold itself at the level and fell to $15.6126 by 3.17%. There was another improvement that took the BNB price to $16.11 by 3.21%. There was another drop that brought the price of Binance Coin to $15.4283 by 4.28%. The closing hours escalated the price to $15.6479 by 1.42%. Today, the coin started the day with an escalation of 1.24%. The counters moved from $15.64 to $15.84. Later, the BNB price dropped to $15.5067 by 2.10%. The escalation again took the price to $15.93 by 2.67%.

Binance Coin
BNB Price Chart By TradingView

Binance Coin is currently dealing at $15.8301. The improvement in the coin is indicating that the price would be seen escalating the BNB coin to the immediate resistance level at $16.19. The coin could also touch the next resistance level at $16.7. However, the chances of the same are quite low.

Resistance LevelPriceSupport LevelPrice
R1$16.19S1$15.21
R2$16.7S2$14.74
R3$17.17S3$14.23

BNB Coin is result yielding coin. The currency would give flourishing returns to the long-term traders. The short-term investors are likely to get disappointed by the coin’s outcome; hence, we aren’t suggesting the same.

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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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