Binance Coin price rises to $21.8, move to $30 ahead?

Binance Coin price rises to move to ahead

On the 12th of August, the Binance Coin price line rose past the $21.8 mark. Peyman RMI is a crypto analyst on Trading View who believes that the BNBUSD pair will rise towards the $30 level.

1-Day Binance Coin price analysis

Binance Coin price chart 1 - 12 August

Binance Coin price chart by Trading View

At the beginning of the day, BNB price was observed trading near the $21.2 level. At the time of writing, Binance Coin was priced at $21.52 US Dollars.

What’s next for Binance Coin price?

The Trading View analyst Peyman RMI is of the opinion that the BNBUSD pair will see to a new target at the $30 mark in the long-term trade.

Binance Coin price chart 2 - 12 August

Binance Coin price chart by Trading View

The analyst suggested that the BNB price will accumulate between the $21 and $22 marks before it shows wave corrections towards the upside. The first price target for this trade pattern was marked at the $24.4 mark, after which the price is expected to be corrected below the $23 level.

After the first correction, the price line is expected to rise past $25 which is expected to be followed by a correction towards the $24 mark, and then a final ascend marked towards the $29 mark. This trade idea has not come into play as of yet.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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