Binance Coin (BNB) coin has continued its sluggish movement from the beginning of the year. The past seven days have also seen the currency mostly in the lower range, with the price fluctuating between $16 – $21.
Binance Coin Price Analysis
The price of BNB coin started the week in an upward range at $21.3452 on March 05. The currency had a slight fall on the same day at $20.6555, showing a downward momentum 0f 3.16%. On the next day, the price of the Binance Coin managed to have an upward rally, and the price touched $21.5905. On March 09, due to continual bear pressure, the price of the coin fell to $16.5172 by a massive fall of 23.50%.
Binance Coin price withheld the bear pressure and managed to recover moderately and reached $17.2222 on the same day. The strong bear pressure in the crypto market was evident with the bears again pushing the price of the BNB coin down to $16.5325 on March 10. Today, the currency has risen slightly to $16.6688.
The currency has been performing moderately after its sluggish start to the year. As per the Trade99’s analysts, the currency will continue the ongoing downside movement and cross all its crucial supports soon.