On November 27, 2019, Binance Coin’s price was trading at $15.51 with an uptrend prevalent. Though the price dropped to $14.77, BNB coin quickly rose back by 10.38% and reached $16.30. The trend remained to be moderately bullish, with the price being traded at $15.78 on December 7, 2019. Three days later, there was a slight fall recorded by the currency with a price of around $14.63. On December 16, 2019, Binance Coin saw a major price drop and it reached as low as $12.15. While writing this analysis, the altcoin was dominated by the bears. However, the trend indicates a possibility of a slight recovery.
Binance Coin has dropped by 5% as compared to the price of December 23, 2019. It is likely to dip down further and reach its immediate support of $12.81 soon.
As per Trade99’s Analysts, it is anticipated to buy a new coin or holds the existing ones as of now. The previous month’s trend shows the bulls were dominating the coin until December 16, 2019, after which the prices have begun to dip.
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