- The Binance Coin price closed the previous day’s trade at INR 32,556.79 with a market capitalization of INR 6826 Cr and a circulating supply of 1,65,11,6760.89 BNB
- Despite the fresh slash, the BNB price is trying hard to regain the pivotal levels and stabilize a steady uptrend
Binance Coin Price Analysis: Will BNB Price Hit INR 50,000 in April?
Binance Coin is currently struggling to sustain itself within a sinking ship. And hence regaining levels above INR 35,000 may be a tedious job as well as could consume time and strength. Therefore, the asset if it manages to halt the bearish trend, then could consolidate to accumulate strength.
However, with a leg up, the price could attempt hard to hit INR 33,776 resistance levels initially. As the end of April’s trade is approaching fast, the BNB price could settle the trade at INR 35,000 or slightly above these levels.
Binance Coin Price Prediction: How High Will BNB Price Go in 2022?
Binance Coin just before the end of the 2021 trade smashed the levels above INR 50,000. However, since then it slid profusely and later maintained a horizontal consolidation below INR 40,000. The accumulation appears to continue till the end of April and hit INR 45,000 by the end of Q2 2022.
Further, if the bullish trend prevails, then the price may head towards INR 50,000 by the end of Q3, 2022. Further, an extended bull rally may form a new ATH above INR 60,000. Conversely, if the bears jump in, the price may be restricted below INR 48,000.
Binance Coin Price Analysis: BNB Price Table (Last 07 Days)
|Date||All-Time High||All-Time Low||Market Capitalization|
|17 April 2022||INR 33,350.00||INR 32,556.79||INR 6831 Cr|
|16 April 2022||INR 33102.27||INR 32,892.27||INR 6826 Cr|
|15 April 2022||INR 33,450.00||INR 32,982.04||INR 6920 Cr|
|14 April 2022||INR 33,470.00||INR 32,756.02||INR 6862 Cr|
|13 April 2022||INR 33,396.16||INR 32,562.37||INR 6908 Cr|
|12 April 2022||INR 32,944.12||INR 31,377.68||INR 6777 Cr|
|11 April 2022||INR 33,453.35||INR 31,376.62||INR 6622 Cr|
Binance CoinPrice Prediction: BNB Price Trend Comparison with ETH (Last 30 Days)
Binance Coin & Ethereum are the top two contenders to be within the top 5 cryptocurrency ranking list. As seen in the above chart, both assets maintain a steady trend with almost equal intensity amid upswing or downswing.
ETH price did drop below the average levels to hit -7.50% and also surged extremely high to hit 27%, but BNB maintained a steady trend. Ethereum, at the moment, has plunged from 22% to 6.1% whereas the BNB price is at 7.51%. Woefully both are heading toward the south displaying the downtrend to continue ahead.
Correlation of BNB/USDT and BNB/BTC (Last 30 Days)
Binance Coin paired with USDT has displayed a gigantic rally since the mid-March trade and reached as high as 22%. However, the BTC pair maintained its steady trend which included a couple of steep drops and surges too. Unlike the USDT pair, the BTC pair achieved the highs and is sustaining at these levels. The BNB/USDT dropped hard from 22% to 7.44% while the BTC pair maintains steadily at 6.67%
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