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Price Analysis

Binance Coin Price Plunge Takes the Coin to $20.57

  • Binance Coin (BNB) price drops by 4% in the intraday chart.
  • Indications of improvement in the coin turn thin.

Binance Coin is dealing with the bull on the price chart. The drop in the coin has lasted for more than 7 days. It is speculated that it would take some more time for BNB to recover the fall. Binance Coin is a result-yielding coin. The same has kept it intact on the 8th position despite the heavy downfall. Looking at the intraday chart, we can observe a huge plunge. Yesterday, the coin touched a high at 22.04 USD and a low at 20.77 USD.

Binance Coin Price Analysis and Predictions:

Binance Coin Price
Binance Coin Chart By TradingView

The data feed in the chart mentioned above is taken from Binance on September 12, 2019, at 08:29:19 UTC. Yesterday, the coin started dealing at $21. The coin booked a slight escalation but, later dropped by 4.23%. The price changed from $21.9 to $21.0. After that, Binance Coin kept falling in the market. The day closed at $20.7, with an intraday regression of 4.73%. Today, the day began with a slight fall. Further, the fall marked a drop of 3.01%. The price switched from $20.3 to $19.7.

Binance Coin might be reflecting a disappointing number in the market, but it is speculated that it has a great future ahead. Investment in Binance Coin wouldn’t go futile.

The traders interested in BNB are recommended to opt for long term investment. The short-term investment might turn out risky for traders.

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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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