- Binance Coin loses 5.31% on the last day and falls to $22 level
- It may fall to $21 mark in no time as there is no visible sign of strength currently
BNB coin has followed the market trend and moved its value against USD through a slope. Over the last day, its price has slipped from $24.25 to $22.96. This 5.31% loss seems to be a start of long, stretched difficulties that are likely to happen.
BNB Volatility Rises After Drop
BNB coin started the day at $24.25, and on the initial 3 hours, it gained 4.07% value and touched the apex point of the day at $25.24. From this high price point, the currency started trading with steep downside movement and formed a downside trendline. By 16:52 UTC, Binance Coin price receded by a massive 13.69% that took its value to the lowest point of the day at $21.78.
After reaching this low, the BNB coin marked a slight recovery. The last swing happened between 16:52 and 23:31 UTC. Over these 6 hours and 38 minutes, Binance Coin gathered momentum and jacked up its price by 8.75% to reach $23.69. At the time of writing this analysis, BNB price was trading at $22.96.
BNB coin’s current price at $22.96 is 0.17% more than its 50 days MA ($22.92) and 0.21% less than its 20 days MA ($23.01). The placement of these figures hinted at upcoming bearish pressure on Binance Coin. According to expert’s BNB predictions, it may soon have to seek support at $21.99. There may be a few unprecedented price shifts that may irk intraday investors.
Resistance and Support Levels
R1: $25.08, R2: $26.69 and R3: $28.17
S1: $21.99, S2: $20.51 and S3: $18.9
