Currently, Binance Coin stopped marking downside momentum and marked a slight recovery. The moderate downtrend in the BNB coin started from the last couple of days in 2019 and continued till now. The traders are eagerly waiting for the uptrend to arrive. It looks like that the traders might have to wait for some time to experience substantial improvement.
Binance Coin Price Analysis
Yesterday, Binance Coin started dealing at $13.65. The price escalated to $13.79 by 1.03%. The currency hanged for a while at the same level and later dropped to $13.65 by 0.94%. The coin jumped to $13.8 by 0.39%. The coin holds itself and dropped to $13.63 by 1.36%. The closing hour brought another downtrend in the coin and took it to 13.60 by 0.87%. The intraday movement exhibited a loss in the coin by 0.39%. Today, Binance Coin started the day with a drop of 1.10%. The price counters moved from $13.60 to $13.45 by 1.10%. The downtrend remained intact and brought the coin to $13.35 by 0.86%. The price improved recently and jumped to $13.5 by 1.15%.
Binance Coin has breached the immediate support level at $13.6 and is currently dealing at the next support level at $13.5. The coin might violate the major support level at $13.38 soon.
BNB coin is anticipated to give flourishing results in the future. The coin is recommended for long-term traders. The specified period would bring the desired return to the investors.