Binance Coin (BNB) Slows Down the Growth Momentum

• Binance Coin adds 0.16% over the last 24 hours and roams around 18.4 USD
• Investors should aim at 18.75 USD as the next halting point

Binance Coin has been able to keep stability over the last 24 hours. In the said period, it has marked a steep hike, and then, BNB coin started moderate downside movement. Later, it started price recovery and currently, it is trading at 18.41 USD.

BNB Fluctuates Amid Moderate Volatility

Yesterday, BNB coin price was at 18.38 USD at the starting of the day, and over the next one and a half hours, it got elevated by 2.62% and touched 18.86 USD. Binance Coin price couldn’t remain at this high for long, and over the next 12 hours, it started falling gradually. By 13:45 UTC, it lost 3.77% and got pulled down to 18.15 USD. It was followed by a 2.46% hike over the next 11 hours. This last swing pushed BNB price to 18.59 USD by 00:54 UTC today.

Binance Coin’s current price is at 18.41 USD, and it is lagging behind its 50 days MA (18.47 USD) and 20 days MA (18.43 USD). The growth gradient is likely to take a paradigm shift in the short-term. According to the BNB forecast, investors may witness a moderate level of price volatility in the upcoming days.