Ethereum
$ 1,235.57 1.03%
Solana
$ 41.18 1.89%
Dogecoin
$ 0.067879 0.46%
ApeCoin
$ 4.85 6.34%
Bitcoin
$ 21,417.00 0.37%
BNB
$ 238.07 0.06%

Binance Coin BNB Price: High of $15.84

Binance Coin BNB Price Analysis Dec Days

Binance Coin BNB price has showcased a relatively more stable movement in comparison to the price path from the previous week. It has majorly consolidated gains over the last five days with minor surges allowing the coin the rise upwards gradually. 

Binance Coin BNB Price Analysis – 5 Days (BNB/USD)

Binance Coin BNB Price Analysis 5 day

Binance Coin BNB Price Chart by Trading View

As displayed by the graph above, the Binance Coin price initiated the 5-day run on the 5th of December by allowing the test at its lowest for the week. Here, the coin stood at $14.86 which it reached rather early into this day at 07:15 GMT. Throughout the next four days, the currency did not fall to this value and instead continued to surge with each fall to its next immediate support.

The highest value that the coin traced over this course was around $15.84, which was reached on the 7th of December at 06:00 GMT. As the currency neared the $15.6 value, which is the price at the time of writing, it fell over the $15.5 support on the 7th and the $15.3 support on the 8th. These support zones allowed the bulls to garner momentum, which allowed the minor surges upwards.

Technical Indicators
Binance Coin BNB Price: High of $15.84 1

Binance Coin BNB Price Chart by Trading View

As indicated by the full-featured chart above, the Binance Coin majorly traced its path hovering around its moving averages. The lack of a significant difference in these pathways proves that the currency has been stabilising over the medium and short-term. This is beneficial for the coin as it decreases the volatility in price.

The 50-Day Simple Moving Average (SMA) rested at $15.62, whereas the 20-Day Exponential Moving Average rested at $15.64 at the time of writing. In comparison to the close on the 8th of December, the current price of the coin is 1.03% higher than the 50-D SMA and 0.77% higher than the 20-D EMA of the close. 

The Relative Strength Index (RSI) rested at 56.62 with a total trading volume of $3.368 thousand.  

Featured Image Background by Federico Bottos

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?
3 Innovative Coins Presenting Unique Income Opportunities

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users