BNB Price Failed To Reach $12 Price Point: Analysis

The Binance coin BNB price failed to reach the $12 price level yesterday. The Traders were discouraged as they were expecting the same but they also hoped for an improvement. The price drop was quite huge as the price readjusted the 52-week low price level as we are reading in the binance coin news today.

Binance Coin was among the same level as it reached $6.69 and the improvement was instantly followed yesterday. The day closed around $10.98 and the movement in the BNB coin price is stagnant so far. The Same will likely to remain locked until the closing so the day could end with a green digit but the improvements will remain marginal. The BNB price failed to reach $12 as it started dealing with the $9.64 price level with a slight spike to the $6.9. Later the price reached $6.96 but declined further by 29 percent. The cryptocurrency escalated to $10 in the next two hours and reached the Binance Coin down to $8.30.

The currency had a hard time escalating but it did by 39 percent as the price reached $11.56. The increase was not long and slipped to $9.30 and kept the price locked until the coin started improving again to $11.37. The long movement of the binance coin could bring 14.75 percent progression. As of today, the cryptocurrency started a slight improvement and reached $11.26 but later plunged and touched $10.39. In just a few moments, it improved to $11.04. The current price of the Binance coin is $10.73 while the signal line and the MACD indicator on the charts show a bearish crossover. The histogram crossed the zero line already.

The Binance Coin price is trading at $10.73 which seems near to the resistance level of $11.47. The same could happen soon and takes time to reach around the price level of the start of the month. As per the recent Binance coin news, shortly after the first line of FTX-provided leveraged tokens for trading on the Binance (BNB) exchange, we are seeing Binance Coin leveraged tokens now available on the exchange. Today, the Binance Coin (BNB) ecosystem announced that the leveraged tokens BNBBULL and BNBBEAR are now available for trading on Binance starting March 11, 2020. The tokens are designed by the FTX crypto derivatives exchange.