BNB Price Predictions
- 2023 – up to $310.67
- 2026 – up to $972.06
- 2029 – up to $2,923.28
- 2032 – up to $9,014.20
Despite the gains made in the past couple of months, BNB and the entire crypto market seem to be experiencing winter in the summer. BNB prices have dropped by 23.95% since April 2023.
How much is BNB worth?
The current Binance coin price is $245 with a 24-hour trading volume of $504,375,060. BNB is up 0.90% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $37,705,008,666 USD. It has a circulating supply of 153,853,584 BNB coins and the max. supply is not available.
Binance Coin Price Analysis
Coin value has recovered above $245.
Strong support is available at $237.6
The latest Binance Coin price analysis for 9 August, 2023 showcases a winning signal for the cryptocurrency buyers. An upward tendency has been shown by the market trends since the past 24-hours. If the bullish momentum aggravates further, bulls might carry BNB/USD value above $245.2.
BNB Price Analysis on a Daily Timeframe
Cryptocurrency soars past $245.2, aims to conquer $246.6 resistance next
The current one-day Binance Coin price analysis is predicting a bullish trend for the day. The cryptocurrency has been experiencing a bullish growth since the past two days. If the buying activity escalates further, BNB/USD value might go beyond $245.2 level. The Moving Average (MA) value has regained its stability at $242 after the recent upturn in coin value.
The distance between the Bollinger Bands seems to be expanding, which is a bearish sign regarding the approaching market trends. If we discuss the Bollinger Bands Indicator, then its upper value has now shifted to $246.6 whereas its lower value has moved down to $238. The Relative Strength Index (RSI) graph shows a straight line and its value is at an average position of 53.3.
Four-Hour BNB Price Analysis
The four-hour Binance Coin price analysis shows a rise in buying pressure, as green candlesticks have reappeared on the price chart. Cryptocurrency underwent a serious decline in the earlier hours, but it has been following a bullish movement since the past four hours. If the upward momentum intensifies further, BNB/USD value might cross its current value i.e. $245.3 as well. Moreover, the Moving Average value has hiked up to $243.0 because of the continual upward shift in trends.
The volatility is inclined towards the increasing side, as the distance between both of the Bollinger Bands has been expanding since the past few hours. This means that the near future might carry winning opportunities for the cryptocurrency sellers i.e. a bearish indication.
Because of the changing volatility, the upper value of the Bollinger Bands Indicator has moved to $246.3 high while its lower value has stepped down to $241. The RSI graph shows a bullish curve, and its value has improved up to 59.23 after bullish return.
Expectations from Binance Coin Price Analysis
The recent Binance Coin price analysis dictates a bullish progression in the coin value. The market trends have been in strong support of the buyers, as BNB value has ascended to $245.2 high by escaping the bearish trial. Further upward activity seems possible as the buyers have been ruling the four-hour price chart as well.
Binance Coin Price Predictions 2023-2032
Price Predictions by Cryptopolitan
The BNB coin faces a significant challenge due to a recent lawsuit filed by the SEC. A crucial aspect of the BNB coin’s appeal is its close association with the Binance exchange. However, if the Binance exchange becomes unable to operate within the United States, a substantial portion of liquidity will be withdrawn from the BNB ecosystem.
Given the current downtrend of the coin and the prevailing regulatory uncertainty, the prospects of Binance recovering its losses within this year seem improbable. The SEC’s lawsuit against Binance is expected to extend over a significant duration, potentially spanning months or even years. Consequently, the price of the coin will likely be primarily influenced by speculative sentiments surrounding the eventual outcome of the case.
However, if BNB navigates the stormy waters successfully, the coin’s fortunes could experience a turnaround. With this in mind, we present our BNB price predictions for the period spanning 2023 to 2032.
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