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

Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next?

Tron (TRX) joined the crypto market’s rally by jumping over 100% in 24 hours to a new all-time high (ATH) Its surge ignited a bullish sentiment among crypto investors and market watchers, fueling

Ethereum Forms a Bullish Pattern: If ETH Price Smahes These Levels, a 60% Rise is Imminent Reaching $6000

The post Ethereum Forms a Bullish Pattern: If ETH Price Smahes These Levels, a 60% Rise is Imminent Reaching $6000 appeared first on Coinpedia Fintech News Bitcoin has managed to achieve the

Elon Musk’s Tesla missed out on $3 billion by selling Bitcoin at $31k

While Bitcoin surpassing $100,000 today, increased the value of Tesla’s remaining crypto holdings to over $1 billion, Tesla initially invested $15 billion in Bitcoin in early 2021 at an average

SUI Price Just Hit New ATH $4: What Next For Sui Now?

The post SUI Price Just Hit New ATH $4: What Next For Sui Now appeared first on Coinpedia Fintech News Sui, the native token of the layer-1 blockchain platform, has hit an exciting new all-time high

Hedera Price Analysis: Is The HBAR Price Rally Over With A 23% Drop?

The post Hedera Price Analysis: Is The HBAR Price Rally Over With A 23% Drop appeared first on Coinpedia Fintech News Story Highlights The HBAR price rally comes to a halt with a strong bearish

Elon Musk impressed by El Salvador’s over $300 million unrealized profit in Bitcoin

El Salvador’s president Nayib Bukele is celebrating the country’s success as its Bitcoin holdings surpass $300 million in unrealized profit In a Dec 5 post on X (formerly Twitter), Bukele