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

Cardano Price Prediction For December 9

The post Cardano Price Prediction For December 9 appeared first on Coinpedia Fintech News The current price action of ADA is still showing signs of consolidation, with no breakout to the upside yet

Amazon Shareholders Push for Bitcoin Investment: Will It Happen?

The post Amazon Shareholders Push for Bitcoin Investment: Will It Happen appeared first on Coinpedia Fintech News What if Amazon started investing in Bitcoin That’s the big idea Amazon shareholders

XRP Price Shows Resilience: Holding Strong and Eyes Another Surge

XRP price remained in a positive zone above the $240 zone The price is consolidating and might aim for a fresh increase above the $260 level XRP price started a downside correction from the $265

Iran Adopts Crypto Regulation Strategy to Boost Economy

The post Iran Adopts Crypto Regulation Strategy to Boost Economy appeared first on Coinpedia Fintech News Iran is changing its approach to cryptocurrencies, focusing on regulation instead of bans,

SushiSwap Unveils Bold 2025 Plans with Cutting-Edge DeFi Products

The post SushiSwap Unveils Bold 2025 Plans with Cutting-Edge DeFi Products appeared first on Coinpedia Fintech News SushiSwap CEO Jared Grey unveiled ambitious plans for 2025, aiming to diversify the

El Salvador’s Bitcoin Gains Hit $333M as BTC Crosses $100K

The post El Salvador’s Bitcoin Gains Hit $333M as BTC Crosses $100K appeared first on Coinpedia Fintech News El Salvador’s Bitcoin investments have hit an impressive $333 million in unrealized