Binance Price Analysis : BNB coin continue to rise above 8%

The market is gaining momentum and growing with the bullish trend after yesterday’s bearish phase. At the time of writing, Binance coin also referred to as BNB coin is back with the bullish trend. The coin is showing positive momentum today and giving new hopes to the investors. Currently, Binance coin price is leading the top 20 crypto market in terms of gains, followed by Monero (XMR) with a 3% gain.

At press time, BNB coin is at the 6th rank in the crypto market. BNB coin price has surged 8.31% trading at $29.99. In terms of BNB/BTC, the price surged 5.94% with trading value 0.00251928 BTC.

Binance Coin is holding market cap $4,664,554,649 with $332,672,076  24-hour volume and 155,536,713 BNB circulating supply. 

According to Technical Analysis

  • The Relative Strength indicator has turned bullish on the one-hour time frame which is above 60 levels, indicating slightly over brought phase.
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were below the candles and showcased a bearish market.

Binance coin is one of the top-performing cryptocurrencies of 2019 thanks to the growing popularity of the Binance exchange and the centralized nature of the asset itself. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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