Key takeaways:
- Binance coin price prediction for 2024 indicates that the coin’s price could reach a maximum price of $692.91.
- The Binance coin price prediction for 2027 projects a maximum price of $2,330 and a minimum price of $2,017.
- By 2030, BNB’s price could surge to $7,154 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? What can be the future price movements? Let’s get into the BNB price prediction and technical analysis.
Overview
| Cryptocurrency | Binance coin |
| Token | BNB |
| Price | $541.1 |
| Market Cap | $78,591,739,528 |
| Trading Volume | $1,470,983,321 |
| Circulating Supply | 145,933,842 BNB |
| All-time High | $717.48 June 06, 2024 |
| All-time Low | $0.09611 Oct 19, 2017 |
| 24-h High | $552.50 |
| 24-h Low | $537.66 |
Binance coin price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $692.91 |
| Volatility | 5.87% |
| 50-Day SMA | $ 551.02 |
| 14-Day RSI | 45.44 |
| Sentiment | Bearish |
| Fear & Greed Index | 29 (Fear) |
| Green Days | 12/30 (40%) |
| 200-Day SMA | $ 536.93 |
Binance coin price analysis: BNB devalues to $541.1 amidst bearish trial
TL;DR Breakdown
- Binance Coin price analysis confirms a downtrend at $541.1.
- The cryptocurrency has devalued up to 1.97% during the day.
- BNB prices are seeking resistance around the $566 boundary.
On September 18, 2024, Binance Coin price analysis for the day confirmed a highly bearish prediction for the day. Currently trading at $541.1, the coin value experienced tremendous loss during the day. Over the past 24-hours, Binance Coin has lost up to 1.97% of value. If the bears remain consistent, further downside might be experienced by the cryptocurrency.
BNB/USDT price analysis on the daily timeframe
The 1-day price chart of Binance Coin confirms a highly bearish scenario for the day. Coin value has dropped down to $541.1 in the past 24-hours. Side by side, the overall market sentiment remained on the negative side. As the volatility is on the increasing side, there are higher chances of reversal within the market trends.
The gap between the upper and lower bands of the Bollinger bands indicator determines market volatility. As this gap is currently increasing, this signifies a rising market unpredictability. The upper end of the Bollinger bands indicator, acting as the resistance band, is at $566. Whereby, the lower end of the Bollinger bands indicator, serving as support, is at $486.
The Relative Strength Index (RSI) indicator is situated within the neutral region. Its value has dropped down to 52.43 during the day. The downward curve on the RSI graph confirms a rising selling pressure for the currency. Moreover, as the selling activities continue to dominate over the buying activities, there is a higher chance of further loss.
BNB price forecast on the 4-hour chart: Cryptocurrency seeks bullish recovery above $541
The four-hour price chart of Binance Coin confirms an upward trend for the cryptocurrency. Coin value has advanced up to $541.1 in the past four hours. Despite the earlier decreases, currently the market trend is going relatively bullish. However, considering the earlier decline, the coin value remains below its moving average.
The distance between the Bollinger bands remains unchanged, referring to a constant volatility. This constant volatility indicates a lower market unpredictability for now. Moving ahead, the upper limit of the Bollinger bands indicator has moved to $561, securing the resistance point. Side by side, the lower limit of the Bollinger bands indicator has shifted to $529.9, confirming the support.
The RSI indicator is situated within the neutral region at 46.91. The indicator’s value has experienced a considerable rise during the past four hours. That is because the bulls have bounced back as the buying pressure continues to intensify. The ascending curve on the RSI confirms revival for the currency. If the RSI value improves further, the market can enter a period of stability.
BNB technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 530.96 | BUY |
| SMA 5 | $ 530.07 | BUY |
| SMA 10 | $ 551.76 | SELL |
| SMA 21 | $ 547.41 | SELL |
| SMA 50 | $ 551.02 | SELL |
| SMA 100 | $ 571.43 | SELL |
| SMA 200 | $ 536.93 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 554.82 | SELL |
| EMA 5 | $ 548.89 | SELL |
| EMA 10 | $ 538.90 | SELL |
| EMA 21 | $ 535.66 | SELL |
| EMA 50 | $ 546.47 | SELL |
| EMA 100 | $ 551.38 | SELL |
| EMA 200 | $ 516.20 | BUY |
What to expect from Binance coin price analysis
Binance Coin price analysis for the day gives out a highly bearish prediction for the cryptocurrency. BNB coin is currently trading at $541.1 after experiencing a considerable decline during the day. If observed overall, the currency has lost up to 1.97% of value in the last 24-hours. The selling activities are dominating over the buying activities, as reflected from the recent loss. Technical indicators are giving out a bullish verdict; however, the price charts continue to favor the bears.
Is BNB a good investment?
Considering the recent price moves, purchasing Binance coins to hold them for an extended period could yield significant returns. From a five-year plan standpoint, cryptocurrency is projected to see a large increase, possibly crossing above $9000 in 2030. However, financial choices shouldn’t be made exclusively based on our data.
Why is BNB down?
BNB’s price dropped over the last 24 hours, still above the support available at $486.1. The sellers have stepped in to sell the assets recently; moreover, the support floor at that level seems unstable, as the sellers have dominated in the past weeks.
Will BNB reach $700?
Most crypto analysts, including Wallet Investor and Coincodex, are bullish on BNB. According to Binance coin price prediction, its price is expected to cross the $700 mark by the end of 2024, which would be quite higher than the current Binance coin price.
Will BNB reach $2000?
Currently, BNB is feeling pressure from legal challenges around its ecosystem. However, as these issues are settled by next year, the coin’s price is expected to start a bull run. As per Binance coin price prediction, BNB will reach nearly $2000 by the end of 2026 and surpass this mark at the start of 2027.
Will BNB reach $3000?
Binance allows users to save up to 25% on spot margin trading fees by using BNB. Another additional factor is that users can save up to 10% on future trading expenditures with the token, which makes it a primary choice. Binance also uses a significant portion of its earnings to buy back BNB. The burning process also decreases the token supply and increases demand, which is expected to increase in value above $3000 in 2028, according to Binance coin price prediction.
Does BNB have a good long-term future?
All cryptocurrencies involve risks and uncertainties. However, BNB has a strong market position and a management team that runs the world’s largest cryptocurrency exchange. BNB has the potential for increased utility and is expected to retain a strong position in the cryptocurrency sphere. Binance coin price prediction suggests that holding it for the long haul is a good option, with tenfold expected returns in five years and the price reaching $7000 by 2030.
Recent news/opinion on BNB
- Yesterday, on September 13, the charitable division of Binance, Binance Charity, launched an airdrop of up to $1 million worth of BNB to help those affected by the storm in northern Vietnam. Those who meet the requirements and can prove they live in one of the 25 impacted provinces will get $50 in BNB. The goal of this charity is to give instant financial support to those affected by the destructive hurricane.
- Richard Teng, CEO of Binance, responded to social media queries after it was reported that several user accounts had been blocked by Binance because of links to money laundering. He explained that the affected accounts were very few, highlighting the platform’s adherence to globally accepted anti-money laundering protocols.
BNB price predictions for September 2024
In September 2024, Binance coin could reach a maximum price of $593.3. The average trading price is expected to be $546 for the month, while the lowest it can go, according to the analysis, is $ 500.2.
| Period | Potential Low | Potential Average | Potential High |
| Binance coin prediction September 2024 | $ 500.2 | $546 | $593.3 |
BNB price prediction 2024
According to the Binance coin price prediction, BNB might reach a minimum price of $614.81. The maximum price can reach $692.91, with an average trading price of about $641.69.
| Period | Potential Low | Potential Average | Potential High |
| 2024 | $614.81 | $641.69 | $692.91 |
BNB price prediction 2025 – 2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $882.39 | $914.47 | $1,088 |
| 2026 | $1,358 | $1,395 | $1,537 |
| 2027 | $2,017 | $2,086 | $2,330 |
| 2028 | $2,898 | $3,002 | $3,530 |
| 2029 | $4,200 | $4,320 | $4,995 |
| 2030 | $5,806 | $5,979 | $7,154 |
Binance coin price prediction 2025
Binance coin (BNB) could reach a maximum price of $1,088 in 2025, with an average value of $914.47 and a minimum of $882.39.
Binance coin price prediction 2026
In 2026, BNB may scale to a maximum of $1,537, with an average price of $1,395 and a minimum of $1,358.
Binance coin price prediction 2027
For 2027, Binance Coin price forecast suggests that BNB could achieve a maximum valuation of $2,330, with an average trading price of $2,086 and a minimum of $2,017.
Binance coin price prediction 2028
In 2028, BNB is projected to have a maximum price of $3,530, an average price of $3,002, and a minimum value of $2,898.
Binance coin price prediction 2029
By 2029, BNB could reach a maximum of $4,995, with an average trading price of $4,320 and a minimum of $4,200.
Binance coin price prediction 2030
In 2030, BNB may attain a maximum valuation of $7,154, with an average price of $5,979 and a minimum of $5,806.
BNB market price prediction: Analysts’ BNB price forecast
| Firm Name | 2024 | 2025 |
| Wallet Investor | $713.69 | $1023 |
| Coincodex | $ 1,022.45 | $ 1,022.45 |
| CoinGecko | $1,292.45 | $1,493.16 |
Cryptopolitan’s BNB price prediction
Our forecast shows that Binance coin will achieve a high price of $781.67 near the end of 2024. In 2025, BNB price will range between $1,033 and $1,180. In 2030, it will range between $6,487 and $7,992, with an average of $6,720. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or you can carry out your own research.
BNB historic price sentiment
- Binance coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO), with an initial price of around $0.10, according to historical data of the crypto market. As a utility token for the Binance cryptocurrency exchange, it offered users reduced trading fees.
- In late 2017, BNB’s price significantly increased and reached its first major peak in January 2018, hitting approximately $24. However, it experienced a decline following the broader market correction.
- Throughout 2018 and 2019, BNB’s price experienced gradual growth as the BNB market soared. In 2018 BNB traded near $13 for most of the year but stepped down to $5 by December. However, BNB reached above $30 in June 2019.
- Despite the global economic uncertainty caused by the COVID-19 pandemic, BNB maintained relative stability and saw an upward trend in 2020. Due to the growing popularity of Binance as an exchange and the expansion of its ecosystem, the coin touched the $34 range in November 2020.
- BNB experienced a significant bull run in early 2021, reaching a high above $600 in May 2021 as market sentiment was positive which helped improve its market cap also. This remained at an all-time high for BNB until recently.
- Binance Coin’s price dynamics in 2022 were characterized by volatility and were influenced by a combination of macroeconomic factors and regulatory developments around Binance exchange, which led to a bearish scenario. This took BNB to less than $220 in June and an average price of $250 in December.
- BNB continued to be a significant player in the cryptocurrency market in 2023, recovering to about $350 in April. However, it soon lost momentum, reaching about $205 in October. In late December, BNB climbed back to about $325.
- The Binance coin price at the beginning of 2024 was near $300, and it reached $425 at the beginning of March.
- By the end of March, the coin reached $600 in a bull run and peaked at an all-time high of $717.48 on June 6.
- In July 2024, the coin swung wildly from $488 to $605, and the pattern was same throughput August. While at the start of September the BNB is trading near the $519 mark.
