Binance Coin Price Analysis: Will BNB Hit $1000 by The End of 2021? – Cryptocurrency News – The Market Periodical

  • The BNB coin price is neutral, around -0.1% during intraday.
  • The 24-hour trading volume is at $1,381 million.
  • BNB/BTC pair is trading negative by -2.9% at 0.00742452 BTC.

The daily technical chart and price trend of BNB coin show a bullish trend. Based on the pivot point, the first support zone is 290 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 515 USDT. Therefore, the chart created a bullish harami candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost sustains above the green ribbon. This guarantees a rise in BNB until it is above the ribbon.

Trading volume (64.789 K) is above the 20-day moving average (193.149 K). The volume is moderate and increasing, so the cost is above the pivot point. Investors may also see the volume bar on the chart decreases. This indicates that anomalous instability is common on subsequent trading days.

The RSI indicator gave a signal (bullish) with 53, projecting a purchase signal in the currency. Investors can observe an inclined slope from 47 to 53. It can arise in future trading sessions.


Long-Term Perspective of BNB Coin Price Trend

Source: BNB/USDT on TradingView

The weekly technical chart and price trend of BNB coin show a bullish trend. Based on the pivot levels, the support zone is 250 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 1000 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, Binance Coin is priced at $421.10 today and has a 24-hour trading volume of $1,381,423,485. BNB prices have fallen -0.1% in the last 24 hours. There are 150 million BNB coins and the total inventory is 171 million. The RSI points to a buy signal, and the traders have prompted moderate volume. In fact, the cost sustains above the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $515 & $1000

Support Level: $250 & $290

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