cryptocurrency

Binance Coin (BNB) Price Prediction 2022 – Will BNB Price Reach $700 Soon?

  • The bullish BNB price forecast is $344.4 to $686.5.
  • Binance Coin (BNB) The price may also reach $700 soon.
  • The bearish BNB price prediction for 2022 is $196.0.

In our Binance Coin (BNB) price prediction for 2022, we use statistics, price patterns, RSI, RVOL and other information about BNB to analyze the future movement of cryptocurrencies.

Binance Coin (BNB) Current Market Status

according to Queen GekkoBinance Coin (BNB) price is $297.16 with a 24-hour trading volume of $1,362,378,265 at the time of writing. However, the BNB exchange rate has increased by about 0.47% in the last 24 hours.

Furthermore, Binance Coin (BNB) has a circulating supply of 161,337,261 BNB. Currently, Binance Coin (BNB) is trading on crypto exchanges such as Binance, FTX, KuCoin, Gate.io, and HuobiGlobal.

What is Binance Coin (BNB)?

Binance Coin (BNB) was launched in 2017 as an interest token for Binance, one of the largest cryptocurrency exchanges. Initially, Binance Coin (BNB) was used only as a transaction fee and trading fee on the exchange. Binance had almost the largest cryptocurrency trading volume of $7.6 billion at the start of the second quarter of 2022.

Later in September 2020, the Binance Smart Chain (BSC), an EVM-compliant Proof of Stake (PoSA) blockchain, was launched. The exchange code has been migrated to BSC and its functionality has been expanded.

Binance Coin (BNB) Price Predictions for 2022

Binance Coin (BNB) ranks fifth on CoinGecko. BNB 2022 price predictions are explained below with daily time frame.

BNB/USDT Inverted Head and Shoulder Pattern (Source: TradingView)

The above chart of Binance Coin (BNB) has drawn an inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides down and then goes up. Thus, three bottoms are formed in the pattern, the left shoulder, the head and the right shoulder. This pattern could be a potential signal for the upcoming bullish market. If price action identifies a breakout above neckline resistance, the price may rise to new highs.

Currently, Binance Coin (BNB) is in the $297.9 range if the pattern continues, BNB price may reach the $347.6, $447.8 and $540.7 resistance levels, and if the trend reverses, BNB price could drop to $277.1.

Support and Resistance Levels for Binance Coin (BNB)

The chart below shows the support and resistance levels for Binance Coin (BNB).

BNBUSDT Support and Resistance Level (Source: cruiserINajview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Binance Coin (BNB).

resistance level 1 $344.4
resistance level 2 $458.7
resistance level 3 $571.5
resistance level 4 $686.5
Support level 1 $276.5
Support level 2 USD 196.0
BNB USDT Support and Resistance Levels

The charts show that Binance Coin (BNB) has experienced an upward trend over the past month. If this trend continues, BNB may work in tandem with the bulls taking out the resistance at $686.5

Accordingly, if investors turn against the cryptocurrency, the price of Binance Coin (BNB) could drop to close to $196.0, which is a bearish sign.

Binance Coin (BNB) 2022 Price Prediction – RVOL, MA and RSI

The relative volume (RVOL) of Binance Coin (BNB) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BNB is below the cutoff line, which indicates the weakness of the participants in the current trend.

BNB/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of Binance Coin (BNB) is shown in the above chart. Notably, the price of Binance Coin (BNB) is above 50 MA (short term), so it is in an uptrend. Currently, BNB is in a bullish state. Therefore, there is a possibility of BNB trend reversing at any time.

Meanwhile, the relative strength index (RSI) of BNB is 45.12. This means that Binance Coin (BNB) is not in an oversold or overbought state. However, this does mean that a major BNB price reversal may occur in the coming days. Therefore, traders need to trade carefully.

Binance Coin (BNB) Price Prediction 2022 – ADX, RVI

Let us now take a look at the Average Directional Index (ADX) for Binance Coin (BNB). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

BNB / USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Binance Coin (BNB). Currently, the ADX for BNB is in the 25.8 range, so it is indicating a strong trend.

The above chart also represents the Relative Volatility Index (RVI) of Binance Coin (BNB). RVI measures the continuous deviation of price changes over a period of time. BNB’s RVI is below 50, which indicates low volatility. In fact, the Binance Coin Relative Strength Index (BNB) is at 45.12 confirming a possible buy signal.

Comparison of BNB, BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Binance Coin (BNB).

BTC Vs ETH Vs BNB Price Comparison (Source: TradingView)

From the above chart, it can be explained that ETH, BTC, and BNB are moving in a similar direction. This indicates that when the price of BTC rises or falls, the price of ETH and BNB also increases or decreases, respectively.

Binance Coin (BNB) Price Prediction 2023

If the price movement’s decline in momentum slows down and the trend reverses, Binance Coin (BNB) It could reach $750 by 2023.

Binance Coin (BNB) Price Prediction 2024

With several network upgrades, Binance Coin (BNB) may enter an upward trajectory. If the coin grabs the attention of major investors, BNB stock could rise to $800 by 2024.

Binance Coin (BNB) Price Prediction 2025

If Binance Coin (BNB) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, the price of BNB will rise to $850.

Binance Coin (BNB) Price Prediction 2026

If Binance Coin (BNB) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, BNB will rise to $900.

Binance Coin (BNB) Price Prediction 2027

If Binance Coin (BNB) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, BNB will rise to $950.

Binance Coin (BNB) Price Prediction 2028

If Binance Coin (BNB) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the price of BNB will reach $1,000.

Binance Coin (BNB) Price Prediction 2029

If investors flock and continue to place their bets on Binance Coin (BNB), they will witness huge gains. BNB price could reach $1050 by 2029.

Binance Coin (BNB) Price Predictions for 2030

With the huge advancements in the Binance ecosystem, the cryptocurrency community may continue to invest in Binance Coin (BNB) over the next eight years, driving the cryptocurrency prices up exponentially. Thus, Binance Coin (BNB) may reach $2000 by 2030.

conclusion

With the continuous improvements in the Binance Coin network, we can say that 2022 is a good year for BNB. For this reason, the bullish price forecast for Binance Coin (BNB) in 2022 is $686.5. On the other hand, the bearish price forecast for Binance Coin (BNB) for 2022 is $196.0.

Moreover, with the developments and upgrades in the Binance coin ecosystem, it will help BNB’s performance to reach an all-time high (ATH) of $686.31 soon. But, it could also reach $700 if investors think BNB is a good investment in 2022.

Instructions

1. What is Binance Coin (BNB)?

Binance Coin (BNB) is an exchange-based token that lives on the Binance Smart Chain (BSC). Initially launched as an interest token for paying exchange and trading transaction fees, BNB has expanded into an efficient payment and investment option.

2. Where can you buy Binance Coin (BNB)?

Binance Coin (BNB) is listed on several cryptocurrency exchanges which include Binance, FTX, KuCoin, Gate.io, and HuobiGlobal.

3. Will Binance Coin (BNB) Reach A New ATH Soon?

With the continuous developments and updates on the Binance platform, Binance Coin (BNB) has a high potential to reach ATH soon.

4. What is the all-time high (ATH) price of Binance Coin (BNB)?

On May 10, 2021, Binance Coin (BNB) reached an all-time high (ATH) at $686.31.

5. Is Binance Coin (BNB) a good investment in 2022?

Binance Coin (BNB) appears to be one of the most profitable cryptocurrencies this year. According to the achievements recorded by BNB in ​​the past few months, BNB is a good investment in 2022.

6. Can Binance Coin (BNB) reach $700?

Binance Coin (BNB) is one of the active cryptocurrencies that is still maintaining its bullish state. Ultimately, if this bullish trend continues, Binance Coin (BNB) will reach $700 soon.

7. What will be the price of Binance Coin (BNB) by 2023?

The price of Binance Coin (BNB) is expected to reach $750 by 2023.

8. What will be the price of Binance Coin (BNB) by 2024?

The price of Binance Coin (BNB) is expected to reach $800 by 2024.

9. How much will the price of Binance coin (BNB) be in 2025?

The price of Binance Coin (BNB) is expected to reach $850 by 2025.

10. What will be the price of Binance Coin (BNB) by 2026?

The price of Binance Coin (BNB) is expected to reach $900 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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