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Binance Coin (BNB) Price Prediction for December 24

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Tue, 24/12/2024 - 13:03
Binance Coin (BNB) Price Prediction for December 24
Cover image via U.Today

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Buyers are trying to restore the lost positions, according to CoinStats.

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BNB chart by CoinStats

BNB/USD

The price of Binance Coin (BNB) has increased by 2.56% over the last 24 hours.

Article image
Image by TradingView

Despite today's growth, the rate of BNB is looking bearish on the hourly chart. The price is on its way to the local support of $684.39. If a breakout happens, the accumulated energy might be enough for a test of the $680 zone soon.

Article image
Image by TradingView

On the daily time frame, one should pay attention to the nearest vital zone of $700. If the rate gets back to it and fixes above, there is a possibility of seeing ongoing growth to the $720 range until the end of the week.

Article image
Image by TradingView

From the midterm point of view, it is too early to make any long-term predictions as only a few days remain until the bar's closure. 

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However, if the candle closes around current prices, one may expect sideways trading in the zone of $640-$740.

BNB is trading at $686.39 at press time.

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