The crypto market began in the second quarter with high expectations. The first quarter spotted massive volatile movements. Now, the current quarter has high speculations of bringing the required recovery. The first day started with a sluggish pace, but towards the end of the day, the price of the Binance Coin recorded improvement. Today, the currency again started with a stagnant place; the end of the day might bring the required improvement.
Binance Coin Price Analysis
If we look at the price movement of the past 7 days, BNB coin was trading at a high of $13, but later, it started trading downwards with gradual falls. On March 30, after hitting a low at $11.25, Binance Coin started strong recovery and marked tremendous growth over the last two days with in-between heavy fluctuations.
Yesterday, BNB coin started dealing at $12.57, and within the next 42 minutes, the price dropped to $12.25 by 2.61% fall. Later, the coin reflected escalation to $12.50 in the next 3 hours and 43 minutes. However, from this price point, Binance Coin’s price dropped to $12.30 and then continued to trade around the same level till 01:00 UTC.
At 14:48 UTC, the coin marked a plunge to $12.01. After hovering around the same level for some time, the BNB coin price registered a massive hike of 7.22% and touched $12.87. The overall intraday movement reflected a 2.44% progression.
Today, Binance Coin price started dealing around $12.87, and within the next 2 hours, the coin dribbled to $12.60. Later, the price improved to $12.74 and remained at the same level till the time of writing. As per the MACD chart, the signal line and the MACD line reflects a bearish crossover. As per the current trend, the BNB price seems to breach its immediate resistance level at $12.97 in the upcoming hours.