- Binance Coin hits a new weekly high at $20.96
- The intraday movement astounds the traders
Binance Coin was spotted trading under heavy pressure since last 15 days. After the heavy escalation during the mid February 2020, there happened to be a flat momentum against the US Dollar.
Binance Coin marked 7-day high at $20.23 and low at $18.10 in the yesterday’s trading duration. Today, BNB Coin revised the price counter and set a new 7-day high at $20.96. The uptrend in the coin has astounded the traders. If the same momentum continues then the anticipations of flourishing result in first quarter would come to life. Today, the 24-hour high is set at $20.96 and a low at $19.59. As per BNB price prediction, we are positive that the coin might be full of surprises in the future and thus helping traders to outlay huge dividends.
BNB Price Analysis:
Binance Coin was spotted trading at $19.73 during the opening hour in yesterday’s chart. The coin reflected improvement within the first hour of the day and touched $19.99. After a slight plunge to $19.80, the price escalated to $20.21. The escalation was quite smooth despite few spikes at $20.03 and $20.23.
The upsurge was disturbed by a fall that took the coin to $19.69. However, the improvement followed the downtrend and thus, took the price of BNB coin to $20.07. The price again started slipping and at 15:00 UTC, the coin was at $19.66. The coin escalated to $19.94 but again slipped to $19.60 and remained locked at the same level. The closing hours of the day reflected improvement that took the price of Binance Coin to $19.97. The movement from $19.60 to $19.97 took place in 5 hours.
Today, Binance Coin took off from the beginning and touched $20.90 within the first 3 and half hours. The price plunged to $20.70 and then returned to $20.97.
The MACD chart reflected bearish divergence as the histogram is below zero level. The signal crosses above the MACD line and confirms the bearish crossover.