The crypto market is recovering from the bear battle that hit the market on Thursday. Major cryptocurrencies which were exhibiting double digit losses during the crash is now down by less than one percent. Binance Coin [BNB] which was trading above $10.40 before the crypto market crash has lost over $100 million in market cap. The coin now seems to have stability and is on a stable trend.
BNB is exhibiting a short consolidation phase and bulls are battling bears for an uptrend. The prices are edging over to bullish trendline implying bulls are winning the fight. The prices have found support at $9.48 and is eyeing the $10 handle. The 100 EMA line trading at $10.08 is showing a downtrend. The MACD shows a bearish momentum for the prices. BNB is currently trading at $9.6 and is rising against USD by 0.37%. The coin is stuck in a tight trading range from 9.50 to 9.76.
BNB Price Prediction
- According to Cryptoground, the token is expected to reach $15.6 in one year. The five-year forecast for the coin is set at $37.7.
- Tradingbeasts has predicted that the crypto will hit $20.6 by the end of this year. By 2020, the virtual currency is expected to trade within the $43.4-$63.8 range.
Binance Latest Updates
- CoinGate, a Lithuania-based crypto payment processing gateway, recently said that its platform will allow customers to pay merchants in Binance Coin (BNB). The company added that received payments will be automatically settled to EUR/USD or to BTC based on the users, making it simpler for merchants.
- Propy, a global real estate player has decided to accept paymenst in Binance Coin.
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