The crypto market’s top players are also under huge market pressure. Where Bitcoin, Ethereum, Ripple, etc. are registering loss, the expectation from the rest of the coins gets lowered. Binance Coin is also counted among the top ten cryptocurrencies and the same is also spotted drowning. There is not much to expect from BNB coin for the intraday traders. The price might improve, but the same is anticipated to remain marginal.
BNB Trades Sideways After Hitting $14.62
Yesterday, the coin started dealing at $14.69. The price jumped to $14.74 by 0.35%. The currency was spotted taking the price to $14.78 from $14.66 in the later hours. The BNB coin couldn’t hold itself at the level and fell to $14.68 by 0.75%. There was another escalation that took the Binance Coin price to $14.77 by 0.63%. The currency dropped to $14.63 by 0.96%. The price jumped to $14.96 by 2.28%. The coin dropped in that later hours to $14.74 by 1.44%. The closing hours reflected improvement and brought the price to $14.85 by 0.68%. The intraday movement in the coin brought 2.28% progression. Today, Binance Coin started the day with an escalation of 0.88%. Then, the price slipped to $14.62 by 2.39%.
At the time of writing the article, Binance Coin was trading at $14.71. The coin had already breached the immediate support level, as it noted as $14.75. A few hours ago, the coin was below the next support level at $14.62. The improvement in the coin can take it above the immediate support level, but the possibility of escalating to the immediate resistance level at $15.01 is quite thin. According to our Binance Coin forecast, the traders interested in the coin are suggested to opt for long-term investment.
| Resistance Level | Price |
| R1 | $15.01 |
| R2 | $15.13 |
| R3 | $15.27 |
| Support level | Price |
| S1 | $14.75 |
| S2 | $14.61 |
| S3 | $14.49 |
