Price forecast for BINANCE Coin for 2024–2030: Is BNB ready for the next big surge ?
BINANCE has demonstrated resiliency and recovery potential following significant changes to its senior team. The value of Binance coin (BNB) first decreased following the departure of Changpeng Zhao, the company’s CEO and subject to legal disputes. The cryptocurrency has showed a healthy trend in spite of this first setback.
What next for BNB in the remainder of 2024 and beyond? Let’s get into the BNB price prediction and technical analysis.
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Key takeaways:
- Binance coin price prediction for 2024 indicates that the coin’s price could reach a maximum price of $781.67.
- The Binance coin price prediction for 2027 projects a maximum price of $2,589 and a minimum price of $2,268.
- By 2030, BNB’s price could surge to $7,992 with broader acceptance in mainstream finance.
Overview
| Cryptocurrency | Binance coin |
| Token | BNB |
| Price | $572.57 |
| Market Cap | $83,790,262,332 |
| Trading Volume | $2,079,588,889 |
| Circulating Supply | 145,937,280 BNB |
| All-time High | $717.48 June 06, 2024 |
| All-time Low | $0.09611 Oct 19, 2017 |
| 24-h High | $577.00 |
| 24-h Low | $553.75 |
BINANCE coin price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $788 |
| Volatility | 5.62% |
| 50-Day SMA | $ 570.12 |
| 14-Day RSI | 49.59 |
| Sentiment | Bearish |
| Fear & Greed Index | 57 (Greed) |
| Green Days | 16/30 (53%) |
| 200-Day SMA | $515.70 |
BINANCE coin price analysis: BNB devalues to $570 amidst bearish slide
TL:DR Breakdown
- Binance Coin price analysis confirms downtrend.
- Coin value has dropped down to $570.4 low.
- Support is being provided at $555.9 end.
The daily price analysis for August 02, 2024 indicates that the bears are in the lead. Considering how quickly the negative power increased, the red candlesticks were still evident on the price chart. As a result of the growing bearish momentum, the coin’s value has decreased to $570.4. We should anticipate additional losses for the cryptocurrency if the selling activity picks up steam.
BNB price analysis on the daily timeframe: Coin value descends to $570 after crash
A strong rise in the bearish swing has been recorded over the past week, considering the rising selling pressure. The past few days proved detrimental for the cryptocurrency as per the daily price analysis for BNB/USD. The cryptocurrency has devalued to $570.4 low considering the rising bearish pressure. Side by side, the moving average (MA) indicator confirms a decline in its overall value as well. Its value has receded to $578.1 low considering the rapid downside this week.
BNB price forecast on the 1 Month chart: Downside results in loss below $570 margin.
The hourly price analysis for the cryptocurrency is suggestive of an ongoing bearish trend. The coin value has dropped down to $570 in the past four hours as a decreasing trend was recorded. The selling activity has been intensifying once again as the coin value took a bearish turn in the past few hours. On the other side, the moving average indicator confirms a subtle rise in its overall value. The indicator’s value has spiked up to $569.1 because of the previous upturn.
What to expect from Binance coin price analysis
The cryptocurrency’s daily and hourly price analysis both confirm a highly optimistic outlook. Because of the strong bearish action throughout the day, the coin value has dropped to a low of $570.4. Additionally, the hourly price analysis continued to be in favour of the bitcoin sellers side by side.
Conclusion
All information is provided for general knowledge. Do your own research or consult a financial advisor before investing, the price of BINACNE Coin (BNB) is approximately $539.60, showing a recent decline of about 5.33% in the last 24 hours. The market cap for BNB is around $78.72 billion, with a 24-hour trading volume of approximately $931.66 million. The circulating supply of BNB is around 145.89 million coins
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