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Price Analysis

Binance Coin Price Takes a Bigger Leap, Trades Above $20

Binance coin was trading at $21.18 on September 13, 2019 and it seemed to be rising currently with an upward trend. For the next two days, the movement of the coin was almost at the same pace. On September 16, 2019, there was a sharp drop, and prices reached as low as $19.91. Since the said date the coin seems to have gained back its momentum, and despite the few interim falls, the coin has managed to reach $22.03 today with an upward trend.

Binance Coin Price
Binance Coin Chart By TradingView

As compared to the lowest trading price of $19.91 as on September 16, 2019, the coin presently indicates a Bull Run by 10.68%.

We anticipate that the same movement may continue for BNB in the upcoming days as well and $25 remains the next target.

We recommend selling the existing BNB coins in hand as per its trend. Today, the coin is expected to trade in the range of $20.88 and $22.17. the MACD indicator of BNB also exhibits the bullish crossover as the MACD line overpowers the signal line. It is advisable to trade in Binance coin from a long-term vision as it may prove to be more profitable in the long run. Being with the top 10 cryptocurrencies, the coin has got huge potential and can even rise as high as $30 before the year ends.

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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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