Binance Coin (BNB) Price Prediction for December 24
12/24/2024 20:03How long is correction of Binance Coin (BNB) going to last?
Original U.Today article
How long is correction of Binance Coin (BNB) going to last?
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Buyers are trying to restore the lost positions, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has increased by 2.56% over the last 24 hours.
Despite today's growth, the rate of BNB is looking bearish on the hourly chart. The price is on its way to the local support of $684.39. If a breakout happens, the accumulated energy might be enough for a test of the $680 zone soon.
On the daily time frame, one should pay attention to the nearest vital zone of $700. If the rate gets back to it and fixes above, there is a possibility of seeing ongoing growth to the $720 range until the end of the week.
From the midterm point of view, it is too early to make any long-term predictions as only a few days remain until the bar's closure.
However, if the candle closes around current prices, one may expect sideways trading in the zone of $640-$740.
BNB is trading at $686.39 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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