- Binance Coin’s value against USD has been slackened by 0.45% in the last 24 hours, and it continues to hold around 19.81 USD
- The next support point for BNB may come at 19.2 USD by this weekend.
Global economic factors seem to have impacted Binance Coin as well. Over the last 24 hours, it has lost 0.45% and has shown immense price volatility. It currently trades around 19.81 USD, and no quick turnaround of the situation seems possible as of now.
BNB Coin Faces Resistance Near $20
BNB Coin opened the day at $19.90, and over the next 11 and a half hours, it witnessed its first swing of 2.50%. It pushed the coin to add half a dollar and pushed it to $20.39, marking the highest point of the day. It was followed by a 5.26% price correction that took the value to the lowest end of the day at 19.31 USD by 18:46 UTC. The last swing happened between 18:46 UTC and 00:45 UTC. In these 6 hours, BNB could swell up by 2.98% and reached 19.89 USD.
Binance Coin is currently trading at 19.81 USD, and its 20 days MA (19.8 USD) is 0.05% below the current line, giving right support. Similarly, its nine days MA (19.82 USD) has managed to go above the current line, exhibiting lack of short-term support. BNB’s RSI level roams around 41 points now. Investors don’t show confidence in BNB for the short-term. According to the BNB Coin price prediction, we predict the next halting point for the coin to come by 19.2 USD by this weekend.
