- Binance Coin continues to be hit hard by the bears over the past 30 days
BNB coin price seems to be fully under bear control as the price has been on a continual downswing over the past 30 days. The price of Binance Coin has been oscillating in the range of $13.53 – $18.68, indicating that it may be a long road ahead for the coin.
BNB Price Analysis
BNB coin investors had nothing much to cheer from as the price was mostly trading below the baseline over the past one month. From a high of $18.6886 on November 20, the price of Binance Coin fell to $14.2550 by 23.60% drop on November 25. The price managed to pick up and rise to $16.0835 on November 30. After that, the bears started exerting too much pressure on the price of BNB coin, which made the coin fall further to $13.5317 on December 16 showing a downward swing to the tune of 15.87%. The current day’s price of Binance Coin is at $13.1300 which indicates the bears are still holding control.
The currency continues to be under the bear radar since the bearish sentiment hit the crypto market hard in July. The recovery is going to be an uphill task for the Binance coin at least for the short-term. Analysts, however, expect the crypto market to recover by early 2020 and BNB coin price to bounce back accordingly. Current investors can continue to hold on to their investments as the short-term is expected to be bearish for the coin.