Loading...

Binance coin price prediction 2024-2030: Is BNB ready for the bull run?

Key takeaways

  • Binance coin price prediction for 2024 indicates that the coin’s price could reach a maximum price of $856.
  • The Binance coin price prediction for 2027 projects a maximum price of $2,820 and a minimum price of $2,312.
  • By 2030, BNB’s price could surge to $7,609 with broader acceptance in mainstream finance.

After notable changes in its executive team, Binance has shown resilience and prospects for recovery. The departure of Changpeng Zhao, Binance’s CEO, who was also embroiled in legal challenges, initially caused a decline in the value of Binance coin (BNB). Despite this initial setback, the cryptocurrency has shown a positive trend.

What next for BNB in the remainder of 2024 and beyond? Let’s get into the BNB price prediction and technical analysis.

Overview

CryptocurrencyBinance coin
TokenBNB
Price$578.4
Market Cap$86,042,756,940
Trading Volume$1,795,612,723
Circulating Supply147,583,736 BNB
All-time High$717.48 June 06, 2024
All-time Low$0.09611 Oct 19, 2017
24-h High$598.15
24-h Low$577.88

Binance coin price prediction: Technical analysis

MetricValue
Price Prediction$721
Volatility6.32%
50-Day SMA$603.31
14-Day RSI48.29
SentimentNeutral
Fear & Greed Index70 (Greed)
Green Days15/30 (50%)
200-Day SMA$438.12

Binance coin price analysis: Bearish wave escalates loss below $578 low

TL;DR Breakdown

  • Binance Coin price analysis confirms a downtrend.
  • Coin value has dropped down to $578.4 low. 
  • Support is being provided at $547.2 end.

The daily and hourly Binance Coin price analysis for 21 June 2024 indicates signs of a bearish trend. The bears have remained on the dominating edge quite persistently in the past few weeks. Today, the rising selling pressure resulted in yet another downturn in coin value. The overall value of the cryptocurrency has depreciated to $578.4 low as a result of the rising bearish pressure.

BNB price analysis on the daily timeframe: Bearish drift leads to devaluation below $578

The daily Binance Coin price analysis provides a favorable prediction for the cryptocurrency sellers. The bears have been ruling the price chart since yesterday, as the selling momentum is growing quite persistently. Although instances of bullish comebacks were recorded in the past week, currently the bears are on the lead. In the past 24-hours, the overall value of the cryptocurrency has declined to $578.4 low. If we discuss the Moving Average (MA) indicator, then its curve is on the descending side. Its overall value has deteriorated past $597.9 as a consequence of the constant bearish rally.

BNB/USD 1-day price chart. Source: TradingView

The one-day price chart displays an increasing volatility which is a bearish signal for the coming days. The upper and lower bands of the Bollinger bands indicator have changed their positions. Currently, the upper Bollinger band is present at $711.8, showing a strong resistance level. Whereas, the lower Bollinger band is occupying $547.2 extreme, marking support for the cryptocurrency. The Relative Strength Index (RSI) indicator confirms the recent shifts in the market trends. Its graph displays a bearish slope because of the downturn in the last 24-hours. Whereas, its value has been reduced to index 39.62 as well.

BNB price forecast on the 4-hour chart:  Cryptocurrency crumbles to $578 amidst downside

The hourly Binance Coin price analysis dictates signs of a growing bearish trend. Although a strong bullish trend resulted in recovery in the earlier hours, currently the market trends are in favor of the bears. In the past four hours, the bears have bounced back as a result of the escalating bearish activity. The bearish revival has reduced the coin value below $578 margin. Moving ahead, the Moving Average indicator shows a downward curve on the four-hour price chart. Its overall value has decreased to $591.4 because of the constant bearish activity since yesterday. 

BNB/USD 4-hour price chart. Source: TradingView

The four-hour price chart dictates rising changes in the volatility. This increasing volatility is indicative of an extending bearish wave in the approaching hours. The upper extreme of the Bollinger bands indicator has switched to $608.4 high following these changes in volatility. Whereas, the lower extreme of the Bollinger bands indicator has shifted to $576 end, indicating unstable support for now. The RSI graph displays a steep bearish slope because of the downswing in the last four hours. Its overall value has sunk to index 36.01 as a result of the recent downturn.

BNB technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 598.92BUY
SMA 5$ 625.59SELL
SMA 10$ 657.03SELL
SMA 21$ 626.60SELL
SMA 50$ 603.31BUY
SMA 100$ 579.88BUY
SMA 200$ 438.12BUY

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 627.07SELL
EMA 5$ 618.02SELL
EMA 10$ 609.01SELL
EMA 21$ 601.08BUY
EMA 50$ 585.45BUY
EMA 100$ 541.36BUY
EMA 200$ 463.16BUY

What to expect from Binance coin price analysis

The daily as well as hourly Binance Coin price analysis depicts a declining price movement for the day. The bears are now back on track, as the overall value of the BNB/USD pair has depreciated to $578.4 end. Moreover, the four-hour price analysis shows a similar market trend considering the downturn in the past few hours.

Is BNB a good investment?

Considering the recent price moves, purchasing Binance coin to hold them for an extended period could yield significant returns. From a five-year plan standpoint, the cryptocurrency is projected to see a large increase, possibly crossing above $9000 in 2030. However, financial choices shouldn’t be made exclusively based on our data.

Recent news/opinion on BNB

  • Binance to implement a new set of restrictions on unauthorized stable coins in Europe. Trading services such as Spot Trading, Wallet Services etc. are regulated to promote stability.
  • The BNB Chain has seen a rise in daily transaction fees and revenue, hitting record levels in 2024. However, this spike coincides with a drop in user activity, raising concerns about sustainability, centralization risks, and potential market manipulation.

BNB price predictions June 2024

In June 2024, Binance coin could reach a maximum price of $721. The average trading price is expected to be $600 for the month, while the lowest it can go according to the analysis is $535.

PeriodPotential Low Potential AveragePotential High
Binance coin prediction June 2024$ 535$600$721

BNB price predictions 2024

According to the Binance coin price prediction, BNB might reach a minimum price of $764. The maximum price can reach $856, with an average trading price of about $788.

PeriodPotential LowPotential AveragePotential High
Binance coin prediction 2024$764$788$856

BNB price predictions 2025 to 2030

YearMinimum PriceAverage PriceMaximum Price
2025$1,107$1,146$1,343
2026$1,624$1,682$1,916
2027$2,313$2,397$2,820
2028$3,455$3,551$3,991
2029$5,221$5,363$5,951
2030$7,503$7,717$9,074

BNB price prediction 2025

Binance coin (BNB) could reach a maximum price of $1,343 in 2025, with an average value of $1,146 and a minimum of $1,107.

BNB price prediction 2026

In 2026, BNB may scale to a maximum of $1,916, with an average price of $1,682 and a minimum of $1,624.

BNB price prediction 2027

For 2027, BNB could achieve a maximum valuation of $2,820, with an average trading price of $2,397 and a minimum of $2,313.

BNB price prediction 2028

In 2028, BNB is projected to have a maximum price of $3,991, an average price of $3,551, and a minimum value of $3,455.

BNB price prediction 2029

By 2029, BNB could reach a maximum of $5,951, with an average trading price of $5,363 and a minimum of $5,221.

BNB price prediction 2030

In 2030, BNB may attain a maximum valuation of $9,074, with an average price of $7,717 and a minimum of $7,503.

BNB market price prediction: Analysts’ BNB price forecast

Firm Name20242025
Wallet Investor$713.69$1023
Coincodex$ 1,022.45$ 1,022.45
CoinGecko$1,292.45$1,493.16

Cryptopolitan’s Binance coin price forecast

Our forecast shows that Binance coin will achieve a high price of $1840 near the end of 2024. In 2025, BNB price will range between $1076 and $1300. In 2030, it will range between $7,503 and $9,074, with an average of $7,717. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or you can carry out your own research.

BNB historic price sentiment

  • Binance coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO), with an initial price of around $0.10 according to historical data of the crypto market. As a utility token for the Binance cryptocurrency exchange, it offered users reduced trading fees.
  • In late 2017, BNB’s price saw a significant increase, and reached its first major peak in January 2018, hitting approximately $24. However, it experienced a decline following the broader market correction.
  • Throughout 2018 and 2019, BNB’s price experienced gradual growth as the BNB market soared. In 2018 BNB traded near $13 for most of the year but stepped down to $5 level by December. However, BNB reached above $30 in June 2019.
  • Despite the global economic uncertainty due to the COVID-19 pandemic, BNB maintained relative stability and saw an upward trend in 2020. Due to the growing popularity of Binance as an exchange and the expansion of its ecosystem the coin touched the $34 range in November 2020.
  • BNB experienced a significant bull run in early 2021, reaching a high above $600 in May 2021. This remained an all-time high for BNB until recently.
  • Binance Coin’s price dynamics in 2022 were characterized by volatility and were influenced by a combination of macroeconomic factors and regulatory developments which led to a bearish scenario – that took BNB to less than $220 in June, and an average price of $250 in December.
  • BNB continued to be a significant player in the cryptocurrency market in 2023, recovering to about $350 in April, but soon lost momentum, reaching about $205 in October. In late December BNB climbed back to about $325.
  • Binance coin price at the start of 2024 was near $300 and it reached $425 at the start of March. By the end of March, the coin reached $600 in a bull run and peaked at an all-time high of $717.48 on June 6. The coin is currently trading around the $600 – $616 range.
Subjects tagged in this post: |

FAQs

Is Binance coin a good investment?

As one of the fastest-growing cryptocurrencies, Binance Coin has a large following of market enthusiasts who are confident in the coin's future. Not to mention, it is the coin that powers Binance, the world's largest crypto exchange. So, BNB could be a profitable investment based on its past price data.

Where to buy Binance coin (BNB)

Binance coin (BNB) is listed on several exchanges including Binance, FTX, KuCoin, Gate.io, Binance.US, and Huobi Global.

How do I deposit BNB?

The moment you activate the dropdown menu, you should see your profile, click on “Deposit,” and you will be directed to the deposit page. Once you get to the deposit page, you will select which coin you want to deposit. Binance supports the deposit of over 150 cryptocurrencies.

However, you will see a “Wallets” button at the bottom of your screen after logging in on mobile. Click it, and it directs you to your wallets page, then selects deposit and after you are redirected to the deposit page, you choose or search for the coin you want to deposit. You then follow the steps you are directed to follow, and your coin should be deposited.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

DOG-TO-THE-MOON
Cryptopolitan
Subscribe to CryptoPolitan