CONTENTS

1. Overview

2. Binance coin price prediction: Technical analysis

3. Binance coin price analysis: BNB devalues to $606.9 amidst a downside

4. BNB technical indicators: Levels and action

5. BNB price predictions June 2024

6. BNB price predictions 2024

7. BNB price predictions 2025 to 2030

8. BNB market price prediction: Analysts’ BNB price forecast

9. Cryptopolitan’s Binance coin price forecast

10. BNB historic price sentiment

Key takeaways

  • Binance coin price prediction for 2024 indicates that the coin’s price could reach a maximum price of $856.

  • The Binance coin price prediction for 2027 projects a maximum price of $2,820 and a minimum price of $2,312.

  • By 2030, BNB’s price could surge to $7,609 with broader acceptance in mainstream finance.

After notable changes in its executive team, Binance has shown resilience and prospects for recovery. The departure of Changpeng Zhao, Binance’s CEO, who was also embroiled in legal challenges, initially caused a decline in the value of Binance coin (BNB). Despite this initial setback, the cryptocurrency has shown a positive trend.

What next for BNB in the remainder of 2024 and beyond? Let’s get into the BNB price prediction and technical analysis.

Overview

CryptocurrencyBinance coinTokenBNBPrice$606.9Market Cap$89,419,523,182Trading Volume$1,449,727,963Circulating Supply147,584,098 BNBAll-time High$717.48 June 06, 2024All-time Low$0.09611 Oct 19, 201724-h High$609.0524-h Low$0.09611

Binance coin price prediction: Technical analysis

MetricValuePrice Prediction$721Volatility6.32%50-Day SMA$603.3114-Day RSI48.29SentimentNeutralFear & Greed Index70 (Greed)Green Days15/30 (50%)200-Day SMA$438.12

Binance coin price analysis: BNB devalues to $606.9 amidst a downside

TL;DR Breakdown

  • Binance Coin price analysis confirms the downtrend.

  • Coin value has dropped down to $606.9 low.

  • Strong support is available at $551.2 extreme.

The one-day and four-hour Binance Coin price analysis for June 16, 2024, confirms a declining price movement. The past two days proved in favor of the bulls, but currently the bears are on the lead. Overall, the market scenario of the past few weeks proved to be in favor of the bears, and today they secured a comeback once again. The cryptocurrency value has depreciated below $606.9 because of the intensifying selling momentum. If the selling pressure gains further momentum, a further decline in cryptocurrency value seems possible.

BNB price analysis on the daily timeframe: A downturn results in a loss below the $606 marker

The daily Binance Coin price analysis suggests a bearish trend for the day. The past two days proved to be supportive of cryptocurrency buyers, as buying activity remained considerably high. Today, however, a noticeable rise in bearish momentum can be observed. The overall value of the cryptocurrency has declined to $607 as a result of the latest bearish comeback. If we discuss the moving average (MA) indicator, then its curve is a steep slope. That is because of the continual downswing, as observed in the earlier week. Its value has dropped to $624.4 as a result of the bearish price movement.