- BNB has added 2.88% over the last week, and it has been pushed from $17.7 to $18.21
- Investors should aim a target beyond $18.6 in the short-term.
Binance Coin has shown a higher degree of unprecedented price changes over the last seven days, and the total gain has been at 2.88%.
BNB Maintains Short-Term Bullish Outlook
BNB coin was being traded at $17.70 at the starting of January 29, and in the next two days, it gathered momentum and added $1.10 to its value by 6.22% increment. It was followed by a price drop to the extent of 5.40% that cost Binance Coin $1.01 and pulled the price down to $17.79 by February 02.
The last variation of the week happened between February 02 & 05. Over these three days, BNB coin went through many price fluctuations, but closed at a 2.54% escalation and touched $18.24.
Binance Coin’s current value at 18.21 USD is 0.27% more than its 50 days MA ($18.16) and 0.05% less than the 20 days MA ($18.22). As per our updated Binance Coin price prediction, the currency is likely to go through a bullish phase in the short-term. However, it may not be able to shield its investors from price swings on the intraday level. The next resting point seems likely at $18.9.
Resistance and Support Levels
R1: $18.55, R2: $18.92 and R3: $19.25
S1: $17.85, S2: $17.52 and S3: $17.15
