Binance Coin Price Analysis: Can BNB Outsmart Bears and Target $15.15?

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 Price Analysis:

Binance Coin Price Analysis

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.

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