For long-term Binance Coin price predictions click here.Join Our Telegram channel to stay up to date on breaking news coverage However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. Moving forward, it will be important to monitor the BNB market sentiment, the key support and resistance levels, and other metrics. BNB would have to decrease by -13.30% to hit our $ 249.29 target within the next five days. The bottom line about this Binance Coin predictionĪfter considering the above factors, we can conclude that the current forecast for Binance Coin price prediction is Bearish. BNB is now trading above the SMA 200, signaling that the market is currently bullish. Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BNB closing price for the last 200 days. Currently, Binance Coin is trading above the SMA 50 trendline, which is a bullish signal. The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Binance Coin over the last 50 days. The RSI 14 for Binance Coin is at 46.36, suggesting that BNB is currently neutral. The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Binance Coin is positioned in the market right now. Let’s take a look at what some of the most important technical indicators are signaling. Binance Coin moving averages & oscillators A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. Crypto market is currently experiencing Extreme FearĬurrently, the Fear & Greed index is at 21 (Extreme Fear), which signals that investors have a negative outlook on the market. This results in an overall Bearish sentiment for Binance Coin. With 83% of indicators favoring a negative prediction. Bearish sentiment for Binance Coinĥ indicators are currently signaling a bullish prediction for Binance Coin, while 24 indicators are showing a bearish forecast. The sentiment in the Binance Coin markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear.
Binance Coin recorded 15 green days in the last 30 days.īinance Coin technical analysis for today - Nov 12, 2022 BNB has been displaying low volatility recently – the 1-month volatility of the coin is at 9.25. The current BNB cycle high is $ 386.87, while the cycle low is at $ 185.52. On this day last year, BNB was trading at $ 630.84.īinance Coin reached its all-time high price on May 10, 2021, when the price of BNB peaked at $ 689.33. The long-term picture for Binance Coin has been negative, as BNB is currently displaying a -54.42% 1-year price change. The medium-term trend for Binance Coin has been bearish, with BNB dropping by -11.33% in the last 3 months.
BNB Price Prediction Chartīuy/Sell Binance Coin What has been going on with Binance Coin in the last 30 daysīinance Coin has been displaying a positive trend recently, as the coin gained 5.84% in the last 30-days. This would represent a -13.30% price decrease for BNB in the next 5 days. BNB performed poorly against BTC today and recorded a -1.44% loss against the world’s largest cryptocurrency.Īccording to our Binance Coin price prediction, BNB is expected to reach a price of $ 249.29 by Nov 17, 2022. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.96% in the same time period.
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