Binance Coin (BNB) has gone from a sluggish start to a stable upward momentum since the start of the year. The past month has seen the price of the BNB coin going through a volatile phase, which shows the price trending between $18 – $27.
The currency has managed to push away the bear pressure at regular intervals, as seen from the last 30 days price chart. The price of Binance Coin started trading below the baseline at $17.5277 on January 28. The price had a good recovery on February 07, when it reached $22.191, showing a rise of 26.32%. There was a small setback on February 08, when the price of BNB coin fell to $21.183 by 4.32%. The coin again took an upward rally on February 13 at $26.830 by a massive hike of 26.06%.
BNB/USD Price Chart
With the ongoing bear pressure, there was again a huge fall marked in the price of Binance Coin to $22.1163 on February 17. After this fall, the coin managed to put forth a good run when it again went in the upward direction to $24.1585 in the next two days. However, on February 26, the price of BNB coin again had a fall of 17.53%, and the price reached $19.9229. Today, the currency is still under bear pressure as the price has slightly gone down to $18.529.
Binance Coin has been vying for a bull momentum since the start of the year, even under strong bearish volatility in the crypto market. As per the Trade99’s analysts, the coin might recover from this temporary bearish phase and move towards a stable upward momentum during the year.