Binance Coin was trading under market pressure at the beginning of this year, but after the first week, things began to change. The currency started slowly gaining upper traction. The price trend of the last 30 days shows the price of BNB coin was trading in the range between $13 – $18.
Binance Coin Price Analysis
BNB coin did not end last year on a good note, and the beginning of 2020 also marked moderate movement. However, from the first week, Binance Coin has taken a steady upward stand. The price was below the baseline on December 18, 2019, at $13.71. It further went down to $13.05 on December 27, 2019. Then on December 30, the price marked a slight upside movement and reached $14.30. However, on January 02, 2020, the price of BNB again fell to $12.96 showing a downward variation of 9.11%.
Binance Coin started an upward rally and gain 17.37% value to reach a high of $15.23 on January 07, 2020. After such a huge hike, the price of BNB coin corrected downward and fell to $14.13. This did not deter the price to move upwards when it reached $17.74 on January 15, the upward price movement was to the extent of 25.51%. Today, the coin has shown a marginal rise to the tune of 1.63% at $18.03 indicating that the coin is determined to go for a steady upward price momentum in 2020.
Trade99’s analysts expect the current trend to continue into the new year as the coin is expected to show more stability in the months to come. Current investors should hold on to their investments as the Binance Coin has shown a promising trend from the past few days.