Binance Coin (BNB) has been beating the ongoing bear pressure at regular intervals raising the hopes of the investor community. The past 3 months have seen that the currency traded with huge fluctuations, as seen from the price range of $12.35 – $26.22.
BNB/USD Price Forecast
Binance Coin seems to be giving a good fight to the continual bear pressure, as evident from its price trend. The coin was trading below the baseline on December 27, 2019, at $12.8032. From this price point, the currency marked stable upward momentum and touched $18.18 by a massive hike of 42.01% on January 19, 2020. However, on January 24, it marked a slight fall, and the price dropped to $16.4078 by a moderate fall of 9.15%.
Further, there was a continual upsurge marked to the extent of 60.16%, and Binance Coin price reached a high of $26.22. At this high, the coin couldn’t manage and fell to $19.23 on February 26. Then again, it went upwards to $21.84 on March 06, but then, BNB coin started downward correction. And yesterday, the BNB price touched $12.35 after facing a steep fall of 43%. At the time of writing this analysis, the currency was trading at $11.24 with moderate stability. Binance Coin is now slowly trading upwards in a stable way. Trade99’s analysts see this as a positive sign and feel that the investor community can expect considerable returns in the ensuing months.