Binance Coin was under heavy pressure around the first ten days of March. During the same period, the coin was spotted plunging below the 52-week low. The improvement embarked immediately after the same. The traders’ who were at distress after the price crash, were at relief to see the improvement. The anticipations were ripe that the coin would be back on track within the next few weeks. However, the moderate improvements with volatile movements are there.
BNB/USD Price Chart:
BNB Coin was trading at $16.94 on March 11, then, the currency felt pullback pressure in the next two days and thus touched $7.4 by a massive decline of 55.95%. The price improved in the next couple of days, and on March 14, the price of Binance Coin was trading at $11.22, but it dribbled again to $8.45 on March 16. Later, in the next three days, the coin improved momentum, and the price touched $13.50 by 58.60% hike. With a plunge to $10.92 at 20:30 UTC on March 20, the BNB price spotted improvement in the next six days and touched $13.21.
Before closing March, Binance Coin price dribbled to $11.35 on March 30 but recovered to $12.5 by 10.41% hike on March 31. Later, the currency began April with a slight plunge. On April 1, the coin touched $12, but the improvement was spotted over the next two days, and it traded to $13.91. The escalation continued, and on April 07, the price was at $15. The BNB coin price hovered around the level till yesterday.
Today, the price has dropped to $14.02. In 30 days. The Binance Coin price reflected a 16.25% plunge. The bears have taken the price below the immediate support level at $14.82. The market pressure can take cause a breach of the next support level at $14.58 in the upcoming hours.