Like most of its peers, Binance Coin also has initiated the week on a positive note. It has been up by 4.40% and touched $13.881 from $13.295 overnight. From yesterday, the BNB coin has been on a continual upside trading and marked a high of $13.92.
Binance Coin Price Forecast
The Binance Coin price was at $13.295 at the starting of yesterday, and over the next 8 hours, it registered a moderate hike of 1.69% that added $0.225 and pushed the BNB price to $13.52. The next few hours were stagnant for the currency. However, another series of growth happened between 09:13 and 20:18 UTC that took the price to $13.73 after a 3.14% hike. After this hike, the Binance Coin managed to continue upward momentum and over the next 5 hours, it traded from $13.67 to $13.92. Currently, the BNB price roams around $13.881.
If we look at the technicals, the 20 & 50 days MAs are at $13.892 and $13.877. As mentioned earlier, the current price is at $13.881, which is 0.02% more and 0.07% less than the 50 days and 20 days moving average, respectively. As per the Binance Coin prediction, technicals, and current momentum, the Binance Coin might reflect consolidation around the $13.90 price mark.
Resistance and Support Levels
R1: $14, R2: $14.16 and R3: $14.48
S1: $13.52, S2: $13.20 and S3: $13.04
