Price Analysis

Binance Coin (BNB) Starts the Week With an Ominous Note

Binance Coin (BNB) has made a hike of 4.27% in the last 24 hours, and over these hours; it has shown three major price swings. The range of the swings has been between $19.68 and $20.62.

Binance Coin Price Prediction:

Binance Coin‘s first swing happened on the initial 10 hours, and it has made a gain of 0.79 USD to be placed at 20.47 USD by 10:09 UTC. The next variation happened over the next 6 hours, and it made BNB coin lose 0.479 USD and got placed at 20.0002 USD. The last variation happened between 16:15 UTC and 02:19 UTC today, and this swing added 0.6205 USD and pushed the value to 20.62 USD.

Binance Price Forecast
BNB Price Chart by TradingView

The Market Cap has also witnessed a hike in these hours. Between November 10 and 11, it has risen to 3.204 billion USD from 3.185 billion USD.

BNB coin’s 20 days average is 19.7255 USD, and it’s 50 days average stands at 18.0320 USD. The current price at 20.5287 USD is 13.84% and 4.07% more than the 50 days and 20 days moving averages, respectively. As per the current trend, Binance Coin’s next resistance may come at 21.18 USD.

Binance Coin (BNB)Resistance and Support Levels
1st Resistance$20.83
2nd Resistance$21.18
3rd Resistance$21.73
1st Support$19.93
2nd Support$19.38
3rd Support$19.03
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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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