Price Analysis

Binance Coin (BNB) Price Exhibits an Optimistic Recovery

The crypto market is currently under extreme market pressure. The currency was spotted dealing at the lower level in the last week. Binance Coin price improved post the same, but the growth couldn’t sustain and started falling again. The currency is caught under the volatility of the market. Today, the opening hour of the day brought a heavy drop, but now, the coin is spotted recovering.

As per yesterday’s price trend, Binance Coin was dealing at a high of $15.55 and at a low of $15.05. The volume of Binance Coin was marked at $219,927,266. To understand the momentum more precisely, let’s have a look at the intraday chart of Binance Coin.

BNB/USD Price Chart:

BNB/USD Price Chart

Yesterday, Binance Coin started dealing at $15.19. The currency escalated to $15.35 by 1.11%. The price slipped to $15.08 by 1.78%. The price escalation took place in the later hours and jumped to $15.43 by 2.33%. The closing hours of the day brought a fall of 1.59% as the coin returned to $15.19. Today, Binance Coin started with a fall of 1.27%. The counters moved to $15.00 from $15.19. The currency dropped to $14.86 by 0.80%. Recently, Binance Coin escalated to $15.25 by 2.64%.

Binance Coin was dealing around the next support level of $14.8 a few hours ago. The recent improvement in the coin has brought the currency to $15.20. The said improvement has spiked hope amongst the traders. The coin might breach the immediate resistance level at $15.56 in the coming hours. The resistance and support level chart is given below.

Resistance Level Price
R1 $15.56
R2 $15.8
R3 $16.06
Support Level Price
S1 $15.06
S2 $14.8
S3 $14.56

Binance Coin holds high expectations in the market. The coin is speculated to improve in the coming days. The investors interested in Binance Coin are suggested to go for the long term investment to ensure colossal profit in the future.

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