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.

Recent Posts

BlackCard and BeCoin experience remarkable 4000% value surge within 30 days

The relentless hard work has finally paid off, leading to a highly successful debut in…

6 days ago

How cryptocurrency is monetizing the virtual gaming worlds?

Digital money is called cryptocurrency and can be used to make purchases online. In addition,…

6 days ago

How is crypto gaming shaping the future of live entertainment?

Gaming is an entertainment giant that now rivals traditional media like cinema and TV shows.…

1 week ago

How Bitcoin is bridging the gap between virtual and real-world Number games?

Bitcoin, the first cryptocurrency in the world, has revolutionized finance and redefined gaming. The digital…

2 weeks ago

How Tether streamlines international gaming transactions

There has been a huge growth in the online gaming industry lately, with different people…

3 weeks ago

What makes Bitcoin so unique as a cryptocurrency?

Cryptocurrency has a special significance for individuals due to its invention in 2009 by an…

4 weeks ago