Binance Coin [BNB] technical analysis and price prediction 2018, 2020 $BNB

Binance Coin [BNB] technical analysis and price prediction 2018, 2020 25135

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/USD

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.

Binance Coin [BNB] technical analysis and price prediction 2018, 2020-BCFocus

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.

Legal Disclaimer: The content of this website (bcfocus.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on bcfocus.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Bcfocus.com does not accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to the website.

See also:

Nasdaq joins crypto bandwagon, mulls launching security token platform

Coinbase shutters its crypto index fund aimed at institutional investors

Image via Shutterstock

Join our Telegram group