Binance (BNB) On-chain Data Eyes To Hit $1000 This 2024?

Share This Post

BNB Price

The post Binance (BNB) On-chain Data Eyes To Hit $1000 This 2024? appeared first on Coinpedia Fintech News

Story Highlights

  • With a 24-hour surge of ~19%, the BNB coin price has achieved a new ATH.
  • Daily trading volume records a 125% surge and surpasses the $5 billion mark.
  • Sustained bullish action could push the price toward the $1000 mark.

The BNB coin price has achieved a new ATH of $793.35 with an intraday surge of over 20%. Moreover, with a surge of ~150% in its daily trading volume, this altcoin is currently exchanging hands at $769.88.

With Binance coin price recent surge, will this crypto token dominate the altcoin market rally this month? Lets us understand the market sentiments and short-lived Binance (BNB) coin price analysis through this article.

Binance Price Records A New All-time High Today!

The BNB coin price has surged ~19% in 24 hours with a trading volume of $5.777 billion. This has resulted in this altcoin recording a new ATH for the second time this year. Further, highlighting a strong bullish sentiment in the crypto market.

Binance Price Records A New All-time High Today!
TradingView: BNB/USDT

Further, the SMA indicator constantly supports the BNB price chart in the 1D time frame. This highlights increased buying-over-selling pressure for the BNB token in the cryptocurrency market.

The Moving Average Convergence Divergence (MACD) has recorded a sharp rise in the green histogram with its averages showing a similar price trend, indicating that the 06th largest crypto token may continue gaining value in the coming time.

Will Binance Price Hit $1000?

If the crypto market continues gaining momentum, the Binance price may achieve the $800. Maintaining the price above that level may result in it retesting its all-time high (ATH) of $100 in the coming time.

On the contrary, in case of a bearish reversal, the BNB coin price could retest its support level of $720. Moreover, with increased bearish sentiment, this altcoin could plunge toward its lower support level of $635.

Concerned about the long-term price sentiment of the BNB token? Read CoinPedia’s Binance Coin Price Prediction. Also, subscribe us to stay updated on the latest cryptocurrency news!

FAQs

What is the price of Binance?

At the time of writing, the value of one BNB token was $769.88.

Can BNB reach $1000?

For this altcoin to achieve this price target, it will require a surge of 29.89% in valuation.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

These 7 Cryptos Could Explode This December, Say Specialists

The Fear & Greed Index is up 48 points from August, indicating investors are hopeful for the future BTC hit a new all-time high of $103,900, but it’s not the only crypto that can bring

XRP Wakes Up As Weekend Approaches-Here’s Where the Price May Reach During the End of 2024

The post XRP Wakes Up As Weekend Approaches-Here’s Where the Price May Reach During the End of 2024 appeared first on Coinpedia Fintech News After a sharp rise, the BTC price encountered a small

Bitcoin Act of 2024 Faces Opposition from Former Fed President Bill Dudley

The post Bitcoin Act of 2024 Faces Opposition from Former Fed President Bill Dudley appeared first on Coinpedia Fintech News Bill Dudley, the former president of the Federal Reserve Bank of New York

Dogecoin Days At The Top Numbered? Cardano Set To Take Over — Analyst

The Cardano native token is one of the top-performing digital assets this week and currently trades at $113 and $123 While its price action pales in comparison to the industry leaders this week, led

Charity Investment Fund (CHIF) Fair Launch Coming Through – Next Big Cryptocurrency Investment of the Year?

The post Charity Investment Fund (CHIF) Fair Launch Coming Through – Next Big Cryptocurrency Investment of the Year appeared first on Coinpedia Fintech News Charity Investment Fund (CHIF), a

Whale Nets $1.475 Million Profit This Week With $FTM, $PEPE, & $AERO

The post Whale Nets $1475 Million Profit This Week With $FTM, $PEPE, & $AERO appeared first on Coinpedia Fintech News As per the latest news, a whale has spent 420 WSTETH tokens worth $2 million