Price Analysis

Binance Coin Faces More Losses; Next BNB Key Support at $14.96

December 5, 2019

This post is archived. The content reflects information available at the time of publication and may no longer be relevant.

Disclaimer: The information provided is for informational purposes only. All content, including news articles, analysis, opinions, and commentary, does not constitute financial, investment, legal, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Readers are strongly encouraged to conduct their own research. CryptoMoonPress is not responsible for any financial losses or damages resulting from reliance on the information.

Binance Coin’s price was $20.96 on November 6, 2019, and it dropped to $19.40 two days later. On November 13, BNB coin marked a 9.37% hike and reached $21.70. Then, it dropped by 27.43% on November 22, 2019. Then, the currency recorded the lowest trading value of $13.99 on November 25. Bears are likely to dominate the coin for another few more days.

Binance Coin Price Prediction

At present, BNB coin is reflecting a bearish movement by 4.30% if we compare today’s price with November 30. If the current trend continues, the Binance Coin price may fall further and reach $14.96 soon.

It is a good time to buy some BNB coins as per its movement noticed. BNB coin’s price evaluation gives us insight that the bulls were maintaining control until about November 21, post which the bears dominate the coin. Binance Coin has the potential to bounce back from the bears and can manage to surge up to its major resistance level $16 in the upcoming days.