With the recent price action in the market, it appears the next crypto bull run is underway. Most coins in the market are now trading deep in the green, breaking several resistance levels on the upside. The price of Bitcoin – the largest digital currency in the world by market cap – is also on the rise. Bitcoin price just broke a major resistance level and tested a new yearly high. The price of Bitcoin is now comfortably over the $6,700, and it is making its way to the $7k level, the short-term Bitcoin price prediction 2019.
The digital currency industry recently experienced a piece of sad news. Binance – the most dominant digital currency trading platform in the world – was hacked recently. The hackers were able to steal Bitcoins worth more than $40 million. However, this sad crypto news has not been able to stop the price of cryptocurrencies in the market from rallying. Binance Coin (BNB) – the native currency of Binance – is also one of the top gainers over the past day. The price of Binance Coin (BNB) is on the rise, approaching the short-term Binance Coin price prediction.
Binance Coin (BNB) Refuses to Back Down Despite the Challenges Binance Is Facing – What Is Binance Coin Price Prediction for This Month?
After the recent hack on Binance, many expected the news to weigh down the crypto market. But the reverse seems to be the case. While the sad news had a little impact on the prices of cryptocurrencies, it was only for a very short period of time. The losses, as a result of the hack, were minor. However, Binance Coin (BNB) has had a significant comeback, showing more buy signals. Binance Coin has truly proven itself to be one of the best cryptocurrency to invest in 2019. The resilience of the coin is very impressive, and it has attracted many digital asset investors and traders. Analysts are also releasing some bullish Binance Coin price prediction 2019, making the crypto more appealing for potential investors.
Binance Coin Price Trend 2019 – How Far Can the Price of Binance Coin (BNB) Go?
Since Binance Coin (BNB) tested a high of $25, the price of the digital currency has pulled back by almost 25 percent. The recent Bitfinex and Tether scandal also had a toll on the price of Binance Coin (BNB). So far this year, the price of Binance Coin has grown by more than 500 percent, making it a great investment opportunity.
On the 2nd of May, the price of Binance Coin was consolidating between $25 and $21. It lacked some bullish momentum and it managed to stay over the 12-day exponential moving average. At the moment, Binance is strongly supported at the $19.5 level. On the upside, the immediate resistance of the coin is at the $21 level.
The present price level of Binance could be a great investment opportunity for swing traders, as the digital currency is set to test new highs in the short-term.
Binance Coin (BNB) Price Today – BNB / USD
At the press time, BNB USD live price is $20.04 after an increase of more than 6 percent over the past twenty-four hours. The current market cap of the digital currency is $2.84 billion. The trading volume of the digital currency over the past twenty-four hours is $261 million.