- 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:
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.