Binance Coin (BNB) Reflects Moderate Price Plunge

  • Binance Coin price indicates no sign of recovery
  • BNB coin retreats from the intraday high

Binance Coin is currently battling with the bearish trend from the past few days. The currency started the day with a humongous fall. The same recovered in the later hour, but improvement is not likely to turn into profit. The current market situation isn’t impressive at all. If we look at yesterday’s movement, the BNB coin was spotted dealing at a high of $15.12 and a low of $14.71. The volume of Binance Coin was noted as $170,909,631.

Binance Coin Price Prediction

Binance Coin News
BNB Price Chart By TradingView

Yesterday, the Binance coin started dealing at $14.8. The price escalated to $14.9 by 1.18%. The price shifted to $14.7 by 1.23%. The BNB coin price recovered again once again and reached $14.8. The price slipped to $14.72 by 0.87%. There was an improvement spotted, which took the price of Binance Coin to $14.9 by 1.75%. The price fell again and touched $14.61 by 2.61%. The currency recovered and reached $14.80 by 1.25% progression. Then, the price dropped to $14.62 by 1.15%. The closing hours took the price up again to $14.76 by 1.15% hike. The intraday movement brought the BNB price back from where it started.

Today, Binance Coin started the day with an escalation. The currency moved to $14.9 from $14.7 by 1.43% hike. Thereafter, the price fell to $14.2 by 4.57%. Then, the price reached $14.55 by 2.25%. Recently, the BNB coin price dropped and touched $14.43 by 1.44% fall.

The currency has already violated its crucial support level at $14.47 and the immediate support level at $14.65. It looks like the major support level would be breached in some time. As per the current trend and BNB Coin Price Prediction, Binance Coin is suggested for long-term investment. The specified time period would give the desired result to the traders.

Resistance Level Price Support Level Price
R1 $15.06 S1 $14.65
R2 $15.29 S2 $14.47
R3 $15.47 S3 $14.24

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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