Will Binance Coin (BNB) reach a new ATH soon? Where can you purchase Binance Coin (BNB)?īinance Coin (BNB) has been listed mostly on all crypto exchanges – from Binance, WEEX, LBank, Bybit, and OKX. Initially launched as the utility token for paying the exchange transaction and trading fees, BNB extended into an efficient payment and investment option. What is Binance Coin (BNB)?īinance Coin (BNB) is an exchange-based token living on the Binance Smart Chain (BSC). Furthermore, with future upgrades and advancements in the Binance Coin ecosystem, BNB might surpass its current all-time high (ATH) of $690.93 and mark its new ATH. If the market momentum and investors’ sentiment positively elevates, then Binance Coin (BNB) might hit $400. Comparatively, if unfavorable sentiment is triggered, the bearish Binance Coin (BNB) price prediction for 2023 is $178.1. In conclusion, the bullish Binance Coin (BNB) price prediction for 2023 is $277.7. If Binance Coin (BNB) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Binance Coin (BNB) between 2024, 2025, 2026, 2027, 2028, 20. Binance Coin (BNB) Price Prediction 2024, 2025 – 2030 That is, when the price of BTC and ETH increases or decreases, the price of BNB also increases or decreases respectively. The chart given below elucidates the possible resistance and support levels of Binance Coin (BNB) in 2023.īTC Vs ETH Vs BNB Price Comparison (Source: TradingView )įrom the above chart, we can interpret that the price action of BNB is similar to that of BTC and ETH. ![]() Binance Coin (BNB) Resistance and Support Levels If the trend reverses, then the price of BNB may fall to the support of $206.6. If the pattern trend continues, then the price of BNB might reach the resistance levels of $243.6, $305.7, and $344.9. Both ascending and descending channels are primary channels followed by technical analysts.Īt the time of analysis, the price of Binance Coin (BNB) was recorded at $208.86. An ascending channel is the opposite of a descending channel. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. but only after an upside penetration of the upper trend line. The descending channel pattern is often followed by higher prices. ![]() Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. In the above chart, Binance Coin (BNB) laid out a descending channel pattern. The overview of the Binance Coin price prediction for 2023 is explained below with a daily time frame.īNB/USDT Descending Channel Pattern (Source: TradingView ) ![]() (Source: TradingView ) Binance Coin (BNB) Price Prediction 2023īinance Coin (BNB) ranks 4th on CoinMarketCap in terms of its market capitalization. The exchange token migrated onto the BSC and its functionalities expanded. Later in September 2020, Binance Smart Chain (BSC), an EVM-compatible Proof-of-Stake authority (PoSA) blockchain, went live. Binance nearly holds the largest crypto trading volume of $7.6 billion at the beginning of Q2 2023. ![]() Initially, Binance Coin ( BNB) was only used as transaction fees and trading fees on the exchange. (Source: CoinMarketCap) What is Binance Coin (BNB) TICKERīinance Coin ( BNB) was launched in 2017 as the utility token for Binance, one of the largest crypto exchanges.
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