Binance Coin Price Prediction
- Bullish Binance price prediction ranges from $446.4 to $659.0.
- BNB price might also reach $700 soon.
- BNB bearish market price prediction for 2022 is $327.9.
This Binance Coin (BNB) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BNB price analysis and prediction.
Binance Coin (BNB) is one of the digital assets in the crypto market that does not need much introduction. In the past 24-hours, BNB has been performing well in terms of market growth rate and market capitalization.
Furthermore, Binance has announced its first-ever auto-burn last quarter. The platform burned a total number of 1,684,347.11 BNB coins, which is equal to $783 million. This event was performed to maintain healthy token circulation and slow down possible inflation rates.
But will Binance be a good investment in 2022? Or will its story be like how most Initial Coin Offerings (ICOs) ended after the 2017 bull run? Let’s find out in this CoinQuora BNB price analysis and Binance price prediction 2022.
What is Binance (BNB)?
In July 2017, Binance was launched which is the biggest crypto exchange worldwide based on daily trading volume worth over $70 billion according to CoinMarketCap. Binance aspires to be the leading global exchange of cryptocurrency. Binance’s name stands for a new paradigm in global finance, Binary Finance, Future trading, and Margin trading..
Binance exchange is the largest cryptocurrency exchange worldwide, Binance offers a host of functionalities to its users. The Binance network consists of the Binance Chain, Binance Smart Chain, Binance Academy, Binance Launchpad, Trust Wallet, and Research projects, which all leverage blockchain technology to create new-age finance. Binance Coin is critical to many of the sub-projects on Binance’s platform.
Now that we have an idea about Binance Coin, do you think BNB will be profitable crypto in 2022? Or, are you curious to find out? Join me and let us see the charts in this BNB price analysis and BNB price prediction.
Binance Coin (BNB) Current Market Status
As of the time of writing this Binance technical analysis, BNB trades at $436.37 with a 24-hour trading volume of $1,729,841,330. The price of BNB has increased by 4.75% in the last 24 hours.
Furthermore, BNB has a current circulating supply of 165,116,761.89 BNB which is its total supply. Currently, the top crypto trading platforms for BNB are Binance, FTX, Huobi Global, Mandala Exchange, Gate.io, Kucoin, and CoinTiger.
Now, let’s proceed to the next part of this BNB technical analysis for 2022.
Binance Coin (BNB) Price Analysis 2022
Would the recent development and changes in the BNB’s blockchain help the cryptocurrency price to grow higher? Let’s take a look into the charts in this BNB price article.
BNB/USDT chart showing Keltner Channel pattern (Source: Tradingview)
Keltner channel is used to determine trend direction due to price volatility. From the Keltner Channel signals for 1Day BNB above, it could be seen that the next price surge is close since the present candlestick is about to break out from the top of the channel. This shows that the present increase in the price of Binance Coin (BNB) is might continue and the recent bullish run will be sustained.
BNB/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
From the chart above, the 200-MA is above the 100-MA which shows that the price of BNB will be bullish in the long-run. However, considering that the recent candlestick is touching the 100-MA, the present gain might plummet soon.
BNB Relative Strength Index Chart Pattern (Source: Tradingview)
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of 1-hour chart is 67.02. This shows that BNB is showing a strong trend since it is between 50 and 70. This value is triggering a bullish run since more buyers are repositioning as the value is moving further from the 70 RSI value which is the overbought region.
Binance Coin (BNB) Price Prediction
Currently, BNB holds 4th position on CoinMarketCap. In fact, BNB’s price reached an all-time high price of $690.93.
Would this market performance be enough for BNB to maintain its bullish position in 2022? Are you already excited to know the results? Well, what are we waiting for? Let’s get to the bottom of this BNB price prediction.
BNB/USDT Resistance/Support Level (Source: Tradingview)
In the short-to-mid-term scenario for our Binance price prediction 2022, BNB has to break past the resistance level at $446.4. To do this, it has to establish more support at the resistance4 level at $659.0.
Conversely, if investors go against the crypto market, the bears might take over and dethrone BNB from its gains. In simpler terms, the price of BNB might plummet to almost $327.9, a bearish signal.
Binance Coin (BNB) Price Prediction 2022
If this bullish trend continues, Binance will reach $659.0 by the end of 2022. Moreover, the first half of 2022 is going to show slow growth, up to $446.4. Then this rise will be fast, but no major falls are expected. With upcoming, partnerships, and developments reaching $700 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Binance Coin (BNB) Price Prediction 2023
If BNB holds to trade below the curve of the inverted hammer for some months, it could attain the price of $1300 by the end of 2023.
Binance Coin (BNB) Price Prediction 2024
As per the latest upgrades, developments, BNB price prediction, and new project forecasts of the platform, BNB investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of BNB in the crypto market, and it will be the best investment as the price can spike and reach around $2,500.
Binance Coin (BNB) Price Prediction 2025
In the next four years, BNB’s price could race up to $4,000. However, reaching this level could not be so difficult for BNB as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BNB has a high possibility of reaching new ATH soon in the next five years as per the prediction.
Binance Coin (BNB) Price Prediction 2026
With the increase in the number of cryptocurrency users and Binance exchange been the largest exchange, BNB could trade at $8000 by the end of 2026.
Binance has a bright future ahead of it in 2022. With ongoing developments happening within the BNB ecosystem and the overall crypto market, we may see BNB reach new heights.
Even more, the bullish BNB price prediction for 2022 is between $446.4 and $659.0. As said above, it may even reach a new ATH if investors have decided that BNB is a good investment along with mainstream cryptocurrencies like Bitcoin. Moreover, it has a chance to reach $700 in the latter parts of this year as well.
What is a BNB?
Binance Coin (BNB) is an exchange-based crypto token created by the cryptocurrency exchange Binance.
How to Buy BNB Tokens?
Users can obtain BNB tokens by purchasing them from cryptocurrency exchanges such as Binance or BitZ.
Will BNB Surpass its Current ATH?
Binance is a good investment in 2022. In addition, BNB has a high possibility of surpassing its current ATH at about $690.93 this year.
Can BNB reach $700 soon?
Yes, it’s very much possible that BNB might reach $700 in the near future as per the current bullish trend.
What will be the Binance Coin price by 2022?
Binance (BNB) price is possible to reach between $446.4 and $659.0 by 2022.
What will be the Binance Coin price by 2023?
Binance (BNB) price is possible to reach $1,300 by 2023.
What will be the Binance Coin price by 2024?
Binance (BNB) price is possible to reach $2,500 by 2024.
What will be the Binance Coin price by 2025?
Binance (BNB) price is possible to reach $4,000 by 2025.
What will be the Binance Coin price by 2026?
Binance (BNB) price is possible to reach $8,000 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.