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- Binance Coin records the bottom at $13.09
- BNB falls considerably easy as compared to the other altcoins
- Binance Coin faces the inability to retain support from the short-term Moving Averages
Binance Coin has been trading with the least volatility and maximum steadiness as observed from 3 hourly movements against USD on the Binance exchange. There has been a remarkable rapid fall from the trading price area of $21.41 in the previous month when it recorded a plunge of over 35%. BNB coin fell to the trading pit around $13 in the last week of October. The current trading price lacks active support, but we believe that the Binance Coin will have a marginal move unlike BTC, ETH, and XRP.
Binance Coin Price Analysis
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Analyzing the movement of BNB/USD over the past one month, we see that the coin has been trading more stably rather than recording a dip, unlike the other altcoins. The rapid fall took the price of Binance Coin to trade around the price area of $13. The bearishness is rightly confirmed by the 3-hourly RSI which is currently at 24.44 and has hit the support at 30, trading in the oversold region.
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The MACD of the coin also confirms the bearish push as the MACD line runs below zero, and as per the BNB prediction, a further fall can lead the coin to exhibit a fresh 90-day low. Find more details about BNB price prediction for the coming years of the Binance coin.
