The coin was being traded at $15.80 on November 29, with
an upward trend. It dropped to $15.51 in a span of few hours on the same day.
The coin managed to soar up with a 5% growth and reached $16.31 which was the highest
trading price. From $16.22, it dropped to the level of $15.02 due to multiple
falls. It continued to get traded at $15.02 as on the first day of December. While
writing this analysis, BNB was showing a downward trend.
Binance Coin Price Analysis:
Binance coin reflects bearish
control by 2.67% as compared to the trading price of yesterday which was
$15.43. It may be able to slightly rise up and reach close to $15.15 by
tomorrow.
Conclusion:
BNB can get traded within
$14.82 and $15.40 today. BNB movement was an upward one from November 29 until
the start of this month as the bears are dominating it since then. If you trade
with a long term vision in Binance coin, it will prove to be more profitable.
The coin has the ability to reach above $20 by the end of 2020.
