- Binance Coin has managed to soar by 35.12% over the last week and currently trades at $24.99
- The next resistance point for BNB coin seems likely at $26.17
Binance Coin price has been up by a whopping 35.12% over the last week, and the value has been traveled from $18 to $24 in this period. The currency is likely to retain its bullish trend in the upcoming days.
BNB Rallies Over 43% in a Week
BNB coin was at $18.498 on February 04, and over the next three days, it gathered momentum and added 21.16% to get placed at $22.412. After this massive hike, Binance Coin faced a moderate fall of 6.98% that pulled the value down to $20.84 by February 08. The last swing happened between February 08 & 10. In these two days, BNB’s value was hiked by 22.18% and reached $25.472.
BNB’s market cap on February 04 was 2.827 billion USD, and over the last week, it has been inflated to 3.895 billion USD.
Binance Coin’s current price is at $24.996, and it is lagging behind its short-term moving averages like 50 days MA and 20 days MA by 0.60% and 0.32%, respectively. BNB Coin shows a strong upside move from the last few days and as per the ongoing trend and Binance Coin price prediction, it may breakout above $25 soon. And if this happens, the price may touch the next resistance near $26.17.
If Binance Coin fails to cross $25 level then, it may test next support around $22. Investors need to watch for any sudden price movements in the short-term.
Resistance and Support Levels
R1: $26.17, R2: $27.12 and R3: $28.43
S1: $23.91, S2: $22.6 and S3: $21.65
