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The coin was being traded at $15.80 on November 29, with an upward trend. It dropped to $15.51 in a span of few hours on the same day. The coin managed to soar up with a 5% growth and reached $16.31 which was the highest trading price. From $16.22, it dropped to the level of $15.02 due to multiple falls. It continued to get traded at $15.02 as on the first day of December. While writing this analysis, BNB was showing a downward trend.
Binance coin reflects bearish control by 2.67% as compared to the trading price of yesterday which was $15.43. It may be able to slightly rise up and reach close to $15.15 by tomorrow.
Conclusion:
BNB can get traded within $14.82 and $15.40 today. BNB movement was an upward one from November 29 until the start of this month as the bears are dominating it since then. If you trade with a long term vision in Binance coin, it will prove to be more profitable. The coin has the ability to reach above $20 by the end of 2020.
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience...Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience in the media industry. A journalism graduate, Dipayan has developed a keen interest in staying up-to-date with the latest developments in the crypto space, allowing him to offer fresh insights and expert analysis on emerging trends. Specializing in technical analysis and market trends, Dipayan is known for his ability to break down complex cryptocurrency topics and deliver them in an accessible and engaging manner. Dipayan’s work has been featured on crypto platforms such as AMBCrypto and CoinGape, where he contributes regularly with high-quality, timely content.
