Price Analysis

BNB Price Amidst the Sluggish Trend, Holds a Strong Possibility of Breaking Out

  • Binance Coin trades around 15.7569 USD

Binance chain has recently attended the Delta Summit, which is an official cryptocurrency event organized by the Government of Malta.

Binance Coin Price Analysis:

On September 08, Binance Coin was trading around 22.67 USD. From there, 25-days hence, today, the crypto has dipped by a substantial margin of 30.52%. However, in a week of trading, it marked a slight bounce-back of 0.72% from the market price of 15.6369 USD on September 28. Similarly, yesterday, the crypto coin showed a fractional hike of 0.25% from the opening price of 15.91 USD and wrapped the day at 15.95 USD.

Binance Coin Price
Binance Coin Chart By TradingView

Binance Coin (BNB) marked a hike of more than 200% in the first half of the year. For now, the nearby resistance for the coin is at 16.32 USD and the support level is at 14.69 USD.

Binance is one of the most prominent crypto institutions since started in 2017. Further, it is one of the top gainers of the last two years. However, the short-term trend in the crypto is bearish. Moreover, the chain needs to work a lot to consolidate the community in favor of the coin before the coin gets back to the green zone.

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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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