- Last month, Binance Coin saw a moderate level of price volatility with an overall gain of 26.38%.
- It may soon be marching towards a 20 USD price point in the short-term.
Following the path of an overall bullish market condition, Binance Coin has also jumped by 26.38% over the last month. The value against USD has improved from 15 USD to 19 USD in this period.
Binance Coin Price Analysis-
Binance Coin was at 15.09 USD at the opening of January 6, and over the next three days, it was down by 6.19% and got pulled down to 14.15 USD, the lowest point in the month. It was followed by a 29.51% price recovery that added 4.17 USD to the value and helped BNB to get placed at 18.33 USD by January 19. On the same day, BNB showed a major intraday price fluctuation that took the value from 18 USD to 16 USD. However, it soon managed to get back the momentum and reached 19.41 USD by February 5, thanks to another 15% boost.
BNB/USD chart by TradingViewBNB’s market cap on January 6 was 2.326 billion USD, and over the last 30 days, it has been elevated to 2.972 billion USD.
BNB’s current value has managed a lead over the 50 days MA (19.007 USD). However, the 20 days MA (19.239 USD) is still trending above the current value. As per our BNB price forecast, Binance Coin is likely to retain the current bullish trend for the upcoming days, and it may hit the 20 USD price level as its next resistance. Intraday investors