BNB coin review… BNB coin comment is among the most researched crypto money topics in 2022 due to its project and the strength of its team. Although the price of BNB coin, also known as Binance coin, has lost about 2% of its value, it will still recover in a short time as it is a very strong project and a giant like Binance is behind it. BNB coin comment… You can even understand the size of this project from the BNB coinmarketcup platform. BNB coin review…
BNB coin review… Currently, over 1,650,000 users follow the BNB coin on CMC. For this reason, we shared our article on the future of BNB coin on February 25, 2022. However, since its prices and forecasts can change from day to day, this time we are here with BNB coin comments and price forecasts. Here is the BNB coin technical analysis… BNB coin review…
BNB coin review 2022
The price of Binance Coin (BNB) rallied as high as $670 during the bull run of November. After that, the market started to decline, including the likes of BTC and BNB. The price fell by about 25% until the end of the year, entering the new year with a downward momentum. BNB coin review…
BNB coin review 2022… BNB continued to decline as the price dropped to $335 in 2022. This drop marked a 37% drop in less than four weeks, given the large market cap Binance Coin has.
In the last week of January, BNB entered a consolidation phase. It entered February with a bullish breakout of more than 20%, signaling a possible trend reversal. However, the price failed to break the resistance at $445 twice, followed by a decline of more than 25%.
BNB coin review…. After finding support at $350. Even though the wick of the daily candlestick went even lower. Looking at the long-term trend, the lower trendline was broken while the price immediately rallied more than 30% to close above this trendline.
Looking at the long-term chart, we can observe a triangle pattern consisting of the last upper trendline and the long-term supporting trend. This could eventually lead to a breakout in BNB price. Considering that the current momentum is fear-heavy for BNB traders, we could see an upward move in Binance Coin price.
Based on this technical analysis on Binance Coin (BNB), the BNB price may pull back initially in the coming days. After that, we could see a bullish breakout for Binance Coin if BNB finds support in our projected structure. The price could rise above $450 in the short term. BNB coin review 2022… It may continue up to $500 as the momentum increases. Also, we may finally see BNB surpass $500 in March, other things being equal. Of course, we must also take into account other market factors such as BTC’s price action. BNB coin review….
While the conflict between Russia and Ukraine also worsened the situation in the crypto market, BNB managed to experience another increase in price. Recently, people started donating cryptocurrencies to Ukraine to help them overcome this difficult situation. While large number of withdrawals can lead to a drop in price, people are beginning to realize how useful cryptocurrencies can be as a means of payment in times of war. BNB coin review….
BNB coin review… Binance exchange has decided to follow other financial institutions especially when it comes to sanctions against Russia. This sets Binance apart from some other exchanges that avoid making decisions based on what other financial institutions do. However, they may not ban every Russian user, but mainly those who are on the sanctions list.
BNB coin review 2022… Binance Coin (BNB) has had an incredible year throughout 2021. After hitting an all-time high of $690 in May, the price has dropped 70% in less than a month. After that, the price showed a steady increase, with the trendline supporting the price to fall further multiple times. BNB had another rally in November, where it approached its all-time high, but was stopped at $670. After that, the price started to drop.
Once again, BNB’s price found support at $400 where the trendline is, followed by a 25% push. However, the price has dropped once again as BNB is in a bearish trend. This 7 month trend line has finally been broken which could be a huge blow for BNB holders. BNB coin review…
BNB coin price prediction 2022
Binance Coin joined the crypto market rally in late January 2021, growing from ~$40 to ~$330 in a month. In March the price of BNB went down, trading in the $250–$300 range for a while, but in April Binance Coin resumed its meteoric rise, which resulted in an all-time high of $690.93 on May 10.
In late May 2021, the price of Binance Coin dropped as the entire crypto market crashed. It bounced back around $200 and reached ~$430, but this recovery was short-lived: As you can see on the Binance Coin live price chart, BNB dropped to ~$250 in late June and then again in mid-July. BNB coin comment 2022… Later that month, however, the market started to show signs of recovery and Binance Coin was no exception: BNB’s price rose significantly again, reaching $350 in the first half of August.
Binance Coin technical analysis shows that from mid-May to mid-July 2021, BNB price followed a descending triangle pattern. Finally, the price of BNB broke through a textbook bullish and is expected to retest the nearest resistance (~$360–$370) in mid-August. This is supported by another bullish sign – in the first half of August, the price of BNB climbed above the moving average with good trading volume. So, if the trend continues after the price of Binance Coin hits initial resistance, the next key point to watch is probably around $430: The way BNB’s price moves along this line could confirm or deny the long-term prognosis.
As of the Binance Coin price predictions for the rest of 2022, there are different opinions. WalletInvestor expects a rise towards $422,541 and PricePrediction.net is echoing at ~$564.97 by the end of the year. BNB coin review 2022… Other experts from TradingBeast, for example, are more pessimistic about the future price of Binance Coin, citing the $384,997 drop in December.
In its Binance Coin price predictions for 2023, WalletInvestor predicts that the price of the coin will drop to $375,643 by December. Forecasting the future of Binance Coin, TradingBeast expects its price to drop further, saying that the Binance Coin price will reach ~$363,925 by then. On the contrary, PricePrediction.net continues to forecast Binance Coin price increase and is priced around ~$805.13 in 2023.
Binance Coin price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $572,446-$111,124 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view, citing the probability of the price reaching $325,615 in December 2024.
BNB coin review 2022… TradingBeast has only optimism for the 2025 Binance Coin price forecast, valuing Binance Coin at $724.46 by the end of 2025. PricePrediction.net agrees with a positive forecast and estimates $1749.87 for the same period. The WalletInvestor team, on the other hand, is more pessimistic – the Binance Coin price forecast for December of this year is just $278,285.
Speaking of long-term Binance Coin price predictions for 2030, experts offer a bipolar view. WalletInvestor expresses the opinion that the price of Binance Coin will not increase further and, on the contrary, will fall to $ 144,7082. TradingBeast’s price prediction for Binance Coin resonates with its downtrend projection to $7.2446. Despite this, PricePrediction.net’s vision remains positive, promising growth of up to $9794.74.
Curious about BNB coin
Can BNB reach $1000?
BNB coin review 2022… Yes, according to most experts, Binance Coin (BNB) will reach $1000 in just a few years. The volatility of the market makes it difficult to be sure, but the probability is very high based on current trends.
BNB coin scam?
No, Binance Coin (BNB) is most likely not a scam as it is issued and backed by Binance, a large, well known and reliable exchange in the space. Launching a scam coin damages Binance’s reputation as a whole, so this is probably not the case if BNB is a scam.
Why is Binance coin expensive?
Binance Coin is very expensive due to a combination of factors: strong fundamentals, company support, established user base, and the public interest that has been going on since Ethereum was a token. All of this has pushed Binance Coin among the top 5 cryptocurrencies in terms of market cap.
Should I buy Binance coins?
Yes, if you want to diversify your portfolio with crypto you should buy Binance Coin because it is one of the larger cryptocurrencies with a strong company behind it, so it is less risky than the others. You can of course buy Binance Coin on Binance (even with a credit card). It is also listed on many other exchanges so you can choose the most convenient way to buy or trade BNB; For those who prefer instant swap and unattended storage, SwapSpace is the best option.
What is the BNB token potential?
Binance Coin has incredible potential to grow by 300% or more. BNB coin review 2022… Changpeng Zhao, the founder of Binance, is known for his business acumen and good development ideas, so there could be something exciting in the future of Binance Coin that will gather more potential for this coin.
