Binance Coin Exhibits Upside Momentum; Price Likely to Breach $14

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The crypto market is spotted with moderate uptrend from the beginning of the day. The first few hours were sluggish, but later the traders spotted substantial improvement on the price chart. The upsurge was speculated from the previous year itself. The uptrend is likely to stick around for a while.

The intraday movement in Binance Coin is likely to bring moderate recovery for the traders. The chances of reverse movement are quite thin. The impressive movement might help BNB coin to increase its market cap. There are high expectations for the coin. The same might come true with time.

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BNB News
BNB/USD Chart By TradingView

Yesterday, Binance Coin started dealing at $13.65. The coin price slipped to $13.47 by 1.35% fall. The coin locked around $13.4 and later dropped to $13.3 by 0.55%. Then, the coin price picked up and escalated to $13.52 by 1.17%. After that, the currency dropped to $13.3 by 1.09%. The price slipped to $12.9 by 3.47% fall. The last few hours were locked around $12.9. Today, the BNB coin began with a jump. The counters moved from $12.97 to $13.27 by 2.31%. The price improved once again and touched $13.58. The upsurge remained intact and took the Binance Coin price to $13.69 by 0.75%.

The price is dealing around the immediate resistance level at $13.5. The coin is likely to breach the next resistance level at $13.98 might get violated in the coming hours.

Resistance Level Price Support Level Price
R1 $13.5 S1 $12.77
R2 $13.98 S2 $12.52
R3 $14.23 S3 $12.04

The traders who are interested in Binance Coin are recommended to go for the long-term investment plan. The same might help the investors draw a colossal return in the future.

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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