Price Analysis

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 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.

Barry Kirkland

Barry Kirkland has joined CryptoMoonPress as a full-time reporter for latest cryptocurrency news and updates. He has five years of experience in writing and trading in forex and cryptocuurency markets. he has written number of articles about blockchain and crypto world. Currently, he curates valuable informations on price analysis and trade alerts for cryptos.

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