Binance Coin (BNB) Price Prediction 2022 — Will BNB Hit $250 Soon?
In Binance Coin (BNB) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BNB to
- Bullish BNB price prediction is $344.9 to $459.0.
- Binance Coin (BNB) price might also reach $250 soon.
- Bearish BNB price prediction for 2023 is $196.5
In Binance Coin (BNB) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BNB to analyze the future movement of the cryptocurrency.
Binance Coin (BNB) Current Market Status
| Current Price | $243.45 |
| 24 – hour trading volume | $250,710,545 |
| 24 – hour price change | 0.1% Down |
| Circulating supply | 163,276,974 |
| All – Time High | $686.31 (On May 10, 2021) |
What is Binance Coin (BNB)?
Binance Coin (BNB) was launched in 2017 as the utility token for Binance, one of the largest crypto exchanges. Initially, Binance Coin (BNB) was only used as transaction fees and trading fees on the exchange. Binance nearly holds the largest crypto trading volume of $7.6 billion at the beginning of Q2 2022.
Later in September 2020, Binance Smart Chain (BSC), an EVM-compatible Proof-of-Stake authority (PoSA) blockchain, went live. The exchange token migrated onto the BSC and its functionalities expanded.
Binance Coin (BNB) Price Prediction 2022
Binance Coin (BNB) holds the 5th position on CoinGecko right now. BNB price prediction 2022 is explained below with a daily time frame.
The above chart of Binance Coin (BNB) laid out the Ascending Triangle Pattern. The Ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Binance Coin (BNB) is in the range of $243.5. If the pattern continues, the price of BNB might reach the resistance levels of $333.1 and $449.7. If the trend reverses, then the price of BNB may fall to $234.1 and $185.6.
Binance Coin (BNB) Support and Resistance Levels
The chart below shows the support and resistance levels of Binance Coin (BNB).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Binance Coin (BNB).
| Resistance Level 1 | $344.9 |
| Resistance Level 2 | $459.0 |
| Support Level 1 | $261.3 |
| Support Level 2 | $196.5 |
The charts show that Binance Coin (BNB) has performed a bullish trend over the past month. If this trend continues, BNB might run along with the bulls overtaking its resistance level at $459.0.
Accordingly, if the investors turn against crypto, the price of Binance Coin (BNB) might plummet to almost $196.5, a bearish signal.
Binance Coin (BNB) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Binance Coin (BNB) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BNB lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Binance Coin (BNB) is shown in the chart above. Notably, Binance Coin (BNB) price lies below 50 MA (short-term), so it is in a downtrend. Currently, BNB has entered a bearish state. Therefore, there is a possibility of a reversal trend of BNB at any time.
Meanwhile, the relative strength index (RSI) of the BNB is 38.19. This means that Binance Coin (BNB) is in an oversold state. However, this means a major price reversal of BNB may occur in the upcoming days. So, traders need to trade carefully.
Binance Coin (BNB) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Binance Coin (BNB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Binance Coin (BNB). Currently, the ADX of BNB lies in the range of 51.2 and thus, it indicates a very strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Binance Coin (BNB). RVI measures the constant deviation of price changes over a period of time. The RVI of BNB lies below 50, indicating low volatility. In fact, the RSI of Binance Coin (BNB) is at 38.19 thus confirming a potential buy signal.
Comparison of BNB with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
From the above chart, we can interpret that the price actions of BNB is a similar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases , the price of BNB increases. And when the price of BTC and ETH decreases, the price of BNB decreases.
Binance Coin (BNB) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Binance Coin (BNB) might probably attain $300 by 2024.
Binance Coin (BNB) Price Prediction 2025
With several upgrades in the network, Binance Coin (BNB) might enter a bullish trajectory. If the coin grabs the attention of major investors, BNB might rally to hit $400 by 2025.
Binance Coin (BNB) Price Prediction 2026
If Binance Coin (BNB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, BNB would rally to hit $500
Binance Coin (BNB) Price Prediction 2027
If Binance Coin (BNB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BNB would rally to hit $600
Binance Coin (BNB) Price Prediction 2028
If Binance Coin (BNB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BNB would rally to hit $700
Binance Coin (BNB) Price Prediction 2029
Binance Coin (BNB) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BNB would hit $800 in 2029.
Binance Coin (BNB) Price Prediction 2030
If investors flock in and continue to place their bets on Binance Coin (BNB), it would witness major spikes. BNB might hit $900 by 2030.
Conclusion
With continuous improvements in the Binance Coin network, we can say that 2023 is a good year for BNB. For this reason, the bullish price prediction of Binance Coin (BNB) in 2023 is $459.0. On the other hand, the bearish price prediction of Binance Coin (BNB) price prediction for 2022 is $196.5
Furthermore, with the advancements and upgrades to the Binance Coin ecosystem, the performance of BNB would help to reach above its current all-time high (ATH) of $686.31 very soon. But, it might also reach $250 if the investors believe that BNB is a good investment in 2023.
FAQ
1. What is Binance Coin (BNB)?
Binance Coin (BNB) is an exchange-based token living on the Binance Smart Chain (BSC). Initially launched as the utility token for paying the exchange transaction and trading fees, BNB extended into an efficient payment and investment option.
2. Where can you purchase Binance Coin (BNB)?
Binance Coin(BNB) (BNB) has been listed on many crypto exchanges which include Binance and KuCoin.
3. Will Binance Coin (BNB) reach a new ATH soon?
With the ongoing developments and upgrades within the Binance Coin platform, BNB has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Binance Coin (BNB)?
On May 10, 2021 Binance Coin (BNB) reached its new all-time high (ATH) of $686.31.
5. Is Binance Coin (BNB) a good investment in 2023?
Binance Coin (BNB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Binance Coin in the past few months, BNB is considered a good investment in 2023.
6. Can Binance Coin (BNB) reach $250?
Binance Coin (BNB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Binance Coin (BNB) will hit $250 soon.
7. What will be the Binance Coin (BNB) price by 2024?
Binance Coin (BNB) price is expected to reach $300 by 2024.
8. What will be the Binance Coin (BNB) price by 2025?
Binance Coin (BNB) price is expected to reach $400 by 2025.
9. What will be the Binance Coin (BNB) price by 2026?
Binance Coin (BNB) price is expected to reach $500 by 2026.
10. What will be the Binance Coin (BNB) price by 2027?
Binance Coin (BNB) price is expected to reach $600 by 2027. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
