Analysts Predict $725 BNB Price, Buyers Break 5-Month Stagnation

Quick Summary:

BNB price rose for three consecutive days, and analysts are upbeat that Binance Coin could retest the year-to-date high of $725 after breaking a five-month consolidation.

The token was trading at $628 on November 11, its highest level since June 10, and 57% above its September lows.

While the Binance Coin powers the BNB Smart Chain, it is often used as a proxy for Binance’s performance.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: India

Topics: Price Analysis Binance (BNB) Coin BNB price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 12:55:35 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23515901

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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