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Tag: Binance Coin

Binance Coin (BNB) – What is the Chart Showing Us?

BNB overall is having a great price action as proper waves either impulse or corrective can be observed. BNB performed really well even with the BTC drop as the momentum with which BNB recently dropped was not too bad. Previously price recovered with momentum and the same can be expected this time as well

Starting the technical analysis for BNB from the Weekly Time Frame, the price is around the previous low and can be considered in a Discount array that prefers buys only. The price of BNB along the way to the downside started losing momentum, and the last candle is probably going to close as a pin bar which is a reversal pattern at such zones. Now as the price has made a Low, the next move is Bullish Impulse is a formation of Higher High so this gives a bullish bias on Weekly Time Frame.

Moving down to the Daily Time Frame, as there’s not too much on the Weekly Time Frame, so on Daily, it can be seen that the last low was at $336.5 which recently got stop hunted. Previously after the last low, the price consolidated much which shows that previous bearish momentum is losing its strength. Within that consolidation, the price has formed a double top pattern which shows that there is a lot of liquidity above that pattern which may sooner drive the price upwards. Now in here, the previous day’s candle got severe rejections from the bottom which just took out the liquidity from the previous low and now the price has the necessary fuel needed to push to the upside. So this gives a bullish bias on the Daily Time frame as well for BNB

Moving down to the last time frame which is the 4 Hour Time Frame, the price of BNB still hasn’t broken structure to the upside. Here there are two scenarios that may unfold for the buy bias. The first one is to wait for structural high to get broken, and on a pullback, the position can be taken. The second is a bit aggressive entry as there is a demand zone above, which may push price downside, and as there is an imbalance below, the price may push from there. Talking about invalidation, if the structural low gets broken, this whole scenario will get violated, and talking about that targets, the first target can be around $417.7 as that is an inefficiency zone

February 25, 2022
Binance Coin (BNB) – What is the Chart Showing Us?

At the time of writing, BNB is being traded at the price of $522.21. The price of the coin has decreased by almost 1% in the past 24 hours. The maximum and minimum of the day are around $527.70 and $508.59. The daily trading volume has on the other hand has also decreased by almost 19% in one day. BNB is listed on coinmarketcap at 3rd spot according to market capital and has a market dominance of 3.87%.

BNB before the crash had achieved its all-time high around the price of $698.21 in March 2021. During the crash, BNB created a bottom and dropped down to $211 in the month of May. Just like many other coins, the coin showed reversal and it was strong enough. BNB eventually went on to create a new neat all-time high around the price of $669 during the month of November.

BNB has a total supply of around 166M tokens and has all of them in circulation i.ie around 166M. BNB can be traded at a lot of different exchanges such as Huobi, Binance, KuCoin, FTX.

Technical Analysis – Binance Coin

BNB has been consolidating for a while. Just like many other coins, BNB has been range bound and we have seen no moves from the coin whatsoever. The price had tapped into the order block two/ three times and we have seen that it has bounced every time. The price is currently above the retail support.

If the BTC drops, we can expect altcoins to drop as well. As a result, we can expect the coin to drop as well. if the retail support breaks, we can expect the price of the coin to fall down even harder and hit the daily order block that is present below. Lowe time frame confirmations should be taken into consideration.

Price Prediction – Binance Coin (BNB)

BNB has been one of the highly bullish coins in the market. According to wallet investor, BNB in one year is expected to reach a value of $993. In five years, it is expected to touch $2770. This shows that even though the coin has a huge amount of potential in it and would give an amazing return but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.

January 1, 2022
Binance Coin price prediction – Is $380 possible?

The bullish week in the crypto market has resulted in a minor uptrend for Binance Coin. BNB coin had fallen to corrections after a price rally previously. The current week could be a repeat of that. At the time of press, the cryptocurrency stands at a price level of $313. The price of BNB coin has increased by 3% while the weekly gain is at 11%. The trading volume of the fourth largest cryptocurrency has fallen by 5%.

BNB technical analysis

The market sentiment of Binance Coin is neutral as the bullish momentum has decreased. Nine of the total twenty-six technical indicators are standing at a neutral and buy position each while the rest of the eight are indicating a sell position. The oscillators are neutral while the moving averages continue to be bullish.

Binance Coin Price Prediction

Binance Coin has been trading in a triangular formation – as identified by a trader’s analysis. The recent bullish momentum in the market has resulted in the cryptocurrency breaking out from the formation. BNB coin may continue on a possible upward trajectory if the bullish divergence does not die down. However, many various resistance levels lie ahead for the cryptocurrency. The first immediate resistance is at a price level of $325 followed by $340. The final price target for BNB coin is at $380.

Binance Coin future outlook

BNB coin is expected to have a positive outlook for the future primarily because of Binance Smart Chain. The underlying technology and mission/vision is what makes or breaks a cryptocurrency. Binance Coin powers the Binance Smart Chain which is an improved copy of the Ethereum blockchain. Hence, BNB is going to be more relevant when BSC’s technology boosts it. According to the estimates of Wallet Investor, BNB is expected to climb towards $657 in a year’s time while the five-year projection places the cryptocurrency at $2,000. Digital Coin Price predicts the cryptocurrency will reach $1,120 by 2026.

July 28, 2021
Binance Coin (BNB) – Bulls to push towards $350

Binance Coin (BNB) appears to be the only cryptocurrency out of the large market cap ones to be moving upwards. The bulls have begun dominating the bears for Binance Coin as it started off on an upward trajectory. At the time of writing, BNB coin stands at a price level of $320. The price has increased by more than 5% in the past twenty-four hours while the trading volume has gone up by nearly 60%.

Binance Coin (BNB) technical analysis

The market outlook for the cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out an indication of buy while eight are standing at a neutral position and seven are bearish at a sell indication. The oscillators are bearish while the moving averages are bullish.

Binance Coin (BNB) technical analysis

Binance Coin can be observed to be operating inside a triangle formation. The price of the cryptocurrency has been oscillating up and down inside the formation while testing the boundaries as resistance and support levels. Up till now, the upper and lower boundary have been established as strong resistance and support, respectively. The recent bullish trend can be seen helping BNB coin reach towards the upper boundary of the formation – towards a likely break out. The price target for the cryptocurrency has been set at $347.

Is Binance Coin (BNB) a good investment?

The market has been flooded with cryptocurrencies; however, investors regard more than 90% of the cryptos as junk with just a handful of them worthy of attention. With so many cryptocurrencies in the market, how can one decide which one is a good investment? Simple, its technology.

Binance Coin can be considered a good investment because of the underlying technology which is the Binance crypto exchange. Binance is the largest exchange by trading volume. The behemoth of an exchange also has a decentralized asset exchange – Binance Smart Chain – and an ecosystem of its own. Now, are there more chances of failure of a new cryptocurrency or of a large exchange like Binance? Hence, BNB coin possess locked potential.

Moreover, the future projections for the cryptocurrency are more than bullish. According to the estimates of Wallet Investor, BNB coin was be trading at $664 in a year’s time while the five-year projection places the coin at $2000.

July 16, 2021
Binance Coin (BNB) to confirm an uptrend?

Binance Coin (BNB) had succumbed to bears once again after picking up the pace since the market crash. BNB coin appears to be mildly consolidating which may indicate the onset of bullish divergence. At the time of writing, Binance Coin stands at a price level of $294. The price has not been moving much in the past twenty-four hours. The daily trading volume has been rising incrementally.

Binance Coin (BNB) Technical Analysis

The market sentiment for Binance Coin is bearish. Out of the total twenty-six technical indicators, thirteen are standing at a sell position while nine are neutral and four are signaling a buy. The oscillators are neutral while the moving averages are suggesting a strong downtrend.

Binance Coin (BNB) technical analysis

The technical analysis of Binance Coin shows that the cryptocurrency has broken out of a bullish formation. Binance Coin can be observed to be moving upwards. Although the upward trend has yet to be confirmed yet, the candles in the shorter timeframes do show a plausible possibility of a reversal of the downtrend. The Fibonacci Retracement levels are acting as strong support and resistance. If the upward movement is confirmed, Binance Coin can be expected to reach towards $322 at the 0.5 Fibonacci level followed by $348 and $381.

Incoming lawsuit for Binance Coin (BNB)?

The SEC vs Ripple Labs lawsuit has made it evident that the SEC is planning to go after cryptocurrencies full force. Once the dust settles for the current lawsuit, the SEC may be planning to target other altcoins. Attorney Jeremy Hogan thinks that Binance Coin and tether may be the next picks of SEC. Hogan has been following the SEC vs. Ripple Labs lawsuit closely and per his expert analysis, both Binance Coin and Tether are at risk of a SEC probe.

June 30, 2021
Binance Coin (BNB) bullish momentum – Towards $544

Binance Coin (BNB) has increased nearly 13% in the past week. The cryptocurrency has effectively reversed its downward trajectory – although the price movements are highly volatile ever since the market crash, hinting towards uncertainty in the market. At the time of writing, BNB coin stands at a price level of $397. The price of BNB crypto has increased by 11% in the past twenty-four hours while the daily trading volume has shot up by 37%.

Binance Coin (BNB) Technical Analysis

The market sentiment for Binance Coin is neutral per the technical indicators. Out of the twenty-six technical indicators, ten are giving out a signal of buy nine are standing at a neutral position while seven are suggesting sell position. Both the oscillators and moving averages are neutral. The technical also suggest uncertainty in the market which could lead to even more volatility.

Binance Coin (BNB) Technical Analysis

A trader has identified a possible trajectory for Binance Coin. Per the analysis, Binance crypto was expected to stay stuck in the price level below $280 because of high bearish divergence; however, Binance Coin quickly regained bullish momentum and broke out of the resistance zone. Potential price targets have been identified to lie at the price level of $483 followed by $544. Binance Coin has shown good growth after the crash with no reason that the cryptocurrency may not continue the upward trend.

Binance Coin (BNB) price prediction

Trading Beasts’ projections for the future are not in the favour of the coin. The projections show Binnace Coin’s price to decline by the end of the year to $366 while the average price for 2024 is expected to be $661. However, Wallet investor predicts $600 in a year’s time while the 5-year forecast show a staggering price level at $2007. Digital Coin Price is also bullish on the cryptocurrency and projects a similar price of $617 by 2021 and $1747 by 2028.

June 3, 2021
Binance Coin (BNB) to go upwards to fall downwards?

Binance Coin (BNB) has fallen from its golden days of nearly $700 to a price level of $269, at the time of writing. BNB coin has fallen nearly 60% in the one-month timeframe. The market crash had been brutal to all cryptocurrencies with gains seen in the bull run nearly reversed. Binance Coin is on a steep downtrend with the price decreasing by 10% in the past twenty-four hours. However, the daily trading volume of the cryptocurrency has been rising as investors follow the “buy the dip” mantra. The question is, how much more will Binance Coin actually fall?

Binance Coin (BNB) Technical Analysis

In line with the overall crypto market, the sentiment for BNB crypto is bearish. Out of the total twenty-six technical indicators, fourteen are giving out a signal of sell with seven standing at a position of neutral and only five indications at buy. The oscillators are neutral while the moving averages are strongly bullish.

Binance Coin (BNB) Technical Analysis

A trader has identified two possible trajectories for Binance Coin in their BNB crypto price analysis. At the crucial movement that BNB coin is operating at, it can either establish support and go upwards or fall too much lower price levels. Binance Coin has failed to establish a support level at the price level of $275 – which was a strong supporting level. The next support lies at the price level of $225 followed by $140. If the coin is on an upside move than the resistance level at $476 can be a possible price target.

Is Binance Coin a good long-term investment?

If observing the current market scenario then this question may be hard to answer as the market is in a dip and not many cryptocurrencies can show a good short to mid-term potential. Cryptocurrencies are considered good or bad based on their underlying technology – the difference they are making.

Binance Coin may be considered an integral part of the Binance ecosystem – which is not something to be. Taken lightly. Binance is, after all, one of the largest cryptocurrency exchanges with accounting for the highest Bitcoin futures volume. The Binance coin is also the native token of the Binance Smart Chain – making it have a good stake in various good projects. So, given the technology Binance Coin is expected to climb upwards.

May 24, 2021
Binance Coin (BNB): Will it rise?

Amidst the brutal market crash, Binance Coin (BNB) suffered immensely too. The third-ranked cryptocurrency has fallen 12% in just the past twenty-four hours while the 7-day loss is at a whopping 25%. Binance Coin was operating above $500 a few days ago but now the price has dropped to $500 with indications of going even lower. The 24-hour low stands at $486 while the high for the day was at $606. The daily trading volume for the cryptocurrency has been rising regardless as traders try to capitalize on the market dump.

Binance Coin (BNB) Technical Analysis

The market sentiment for the BNB coin is bearish in line with the overall cryptocurrency market. Out of the 26 technical indicators, thirteen are giving out an indication of sell with nine standing at a neutral position and just four indications of buy. Both the oscillators and moving averages are bearish at the moment.

Binance Coin (BNB) Technical Analysis

BNB coin has invalidated all bullish analyses as the whole market is in the grips of strong bears. A trader has identified various important support levels – most of which are expected to be broken by BNB coin. The first support level at $527 was broken by Binance Coin. The second support level to follow lies at the price level of $375. A good return on investment can be expected with short trades as the bearish trend of BNB coin is expected to last.

Binance Coin Price Prediction

The crypto market had been feared to enter major corrections as the bull run was thought to have over-lasted. The final push was provided by Elon Musk – CEO of Tesla – as he denounced the use of Bitcoin as a payment method for his Tesla cars because of environmental concerns. Musk has been called a hypocrite among many other names but that is not going to shift the market sentiment.

HODLers stay strong as the long-term price prediction for the cryptocurrency remains bullish. Wallet Investor predicts BNB coin at $934 after a year while the five-year price of BNB is expected at $1,990. Digital Coin Price projects the price of Binance Coin at $776 by the end of the year while the 5-year price is expected at $2,197.

May 17, 2021
Binance Coin (BNB): Heading towards the moon?

Binance Coin (BNB) has rocked and shocked the market with the growth it has been able to achieve in the bull run. Binance coin went up from being an underdog to the third ranked cryptocurrency in terms of market capitalization. In the yearly timeframe, BNB coin has nearly 3,000% returns. It appears that BNB coin is still in a bull run as the cryptocurrency is vying for higher highs every day – with the market sentiment strongly bullish. Binance coin established a new all-time high at $641. At the time of writing, BNB coin stands at a price level of $634. The price has gone up by 5% in the past twenty-four hours while the daily trading volume of $3,642,646,899 has decreased slightly.

Binance Coin (BNB) technical analysis

The technical indicators for Binance coin stand at a neutral position. Out of the 26 total indicators, fourteen are giving out a signal of buy with nine neutral indications and three signals of sell. The oscillators and moving averages are both neutral.

Binance coin has been identified to be operating in an ascending channel formation by many traders. According to trader Cassido, the upward channel formed during the last week of March and appears to be going strong. Binance had been oscillating up and down in the channel but the downward volatility of BNB coins may appear to be slowing. The trader has set a target price of $675 for BNB crypto. Furthermore, important support levels have also been identified. Per the trader the price level of $597 followed by $578 will be acting as strong support zones for Binance Coin.

BNB coin price prediction

The phenomenal performance of the cryptocurrency has garnered it a lot of attention. BNB coin is now the third largest coin which bring the spotlight straight onto it. Investors believe in the technology behind the project and the potential of BNB coin is said to put Binance cryptocurrency near the moon in the long term.

Wallet Investor’s forecasts place BNB coin at a price level of $849 in a year’s time while the 5-year forecast predicts BNB to be operating at $1,770. The predictions of Digital Coin Price are much more bullish and place BNB coin at above $1,000 in a year’s time while the five-year price of BNB is expected to be at $2,784. However, not all predictions are as optimistic. Trading Beasts predicts a fall in price to $443 by the end of this year but the price to pick back up again by the end of 2024 at $811.

May 3, 2021
Top gainers last 5 days – (KuCoin Token, Bitcoin Gold, Ripple, Binance Coin, PancakeSwap)

We have compiled a list of the top five best performing coins in the weekly timeframe. With phenomenal gains and growths, these cryptocurrencies have achieved a rank on our list.

KuCoin Token (KCS) bags the first rank for the top performance in the weekly timeframe with a weekly growth of 88%. At the time of press, KCS was trading hands at $17.86 – which has decreased by 9%.KuCoin Token has a market ranking of seventy-eight with a daily trading volume of $109,501,368. KCS is the profit-sharing native token of the cryptocurrency exchange, KuCoin. The token is designed to become the key to the ecosystem of the exchange with further developments.

The hard fork of Bitcoin, Bitcoin Gold (BTG) is another top performer of the week with a weekly growth of 74%. The cryptocurrency is priced at $107 which is still a long way from its all-time high of around $450 but the bullish momentum may overtake the price of the coin. Bitcoin Gold is ranked at 63^rd position in the market and has a trading volume of $112,672,587. The hard fork has attempted to democratize the mining process of Bitcoin by allowing it to be mined on common GPUs.

Ripple (XRP) has established itself safely above $1.50 and entered the weekly top performers’ list. Ripple achieved a growth of 74% after minor victories in the SEC lawsuit. Ripple Labs was granted access to discovery documents of BTC and ETH while the SEC was denied access to financial records of Ripple executives. XRP is making a comeback with regaining the fourth ranking in the market. Other favorable developments in the lawsuit may propel the cryptocurrency towards breaking its all-time high.

Binance Coin (BNB) has been one of the top performers of the current bull run and is the fourth best performer of the week with a growth of 47%. The coin established a new all-time high at $637 yesterday with a current price of $547. BNB is ranked at third place in the market. The cryptocurrency has been on a steep upward trend since the beginning of the 2021 bull run. BNB has multiple purposes being a payment method and the utility token of the Binance exchange.

Last but not the least, PancakeSwap (CAKE) is the final top performer of the week with a rise of 38% in the price. The automated market maker (AMM) has established its all-time high at $25 in the week. It is priced at $24 at the time of press. CAKE is ranked at 40^th in terms of market capitalization and has a daily trading volume of $1,083,145,899.

April 14, 2021