- Binance Coin price movement exhibits heavy drop today
- The decline in the BNB price registers 13% loss over the last 5-days
Binance Coin is counted among the top trending coins in the crypto market. The current trend is quite disappointing for the currency. However, the possibility of improvement is also ripe. The current movement is considered to be the consequence of the selling spree that took place after a heavy escalation in the BNB coin price. The same would lift soon and the rally would return too.
Binance Coin Price Analysis
BNB Coin was trading at $25.42 on February 14, and then, it escalated to $25.98 by a moderate hike of 6.25%. Later, the price slipped to $25.13 by 3.26% but recovered to $26.54. On the next day, the Binance Coin price dropped again to $25.60. From this price point, the currency recovered slightly and reached 26.36 but couldn’t hold itself for long and reflected a sharp drop and touched $23.78. After registering this steep fall, the recovery began, and it continued to February 16. Then, the Binance Coin price dropped to $22.15 by 11.67%.
The closing hour of the same day experienced moderate growth. The price touched $23.58. On February 17, Binance Coin price slipped to $22.71, but then, it again recovered and escalated to $24.06 on February 18. By 12:30 UTC, the BNB coin price plunged to $22.99. The price was seen improving once again to $24.44 and it remained at the same level till 17:05 UTC, on February 19. The price dribbled to $21.96 at 22:05 UTC on the same day.
Binance Coin is tilted towards the immediate support level at $21.59. The same might get breached in the coming hours. However, if the coin improves its momentum, then it might climb to the immediate resistance level at $23.7. Apart from this, get more details about Binance Coin forecast to know the future price updates
| Resistance Level | Price |
| R1 | $23.7 |
| R2 | $25.07 |
| R3 | $25.81 |
| Support Level | Price |
| S1 | $21.59 |
| S2 | $20.85 |
| S3 | $19.48 |