BNB (BNB) Price Prediction 2022 — Will BNB Hit $600 Soon?
- Bullish BNB price prediction is $333.7 to $460.2.
- BNB (BNB) price might also reach $600 soon.
- Bearish BNB price prediction for 2022 is $186.3
In BNB (BNB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about BNB to analyze the future movement of the cryptocurrency.
BNB (BNB) Current Market Status
According to CoinGecko, the price of BNB (BNB) is $322.26 with a 24-hour trading volume of $2,471,976,798 at the time of writing. However, BNB has decreased by nearly 3.6% in the last 24 hours.
Moreover, BNB (BNB) has a circulating supply of 163,276,974 BNB. Currently, BNB (BNB) trades in cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, HuobiGlobal.
What is BNB (BNB)?
BNB (BNB) was launched in 2017 as the utility token for Binance, one of the largest crypto exchanges. Initially, BNB (BNB) was only used as transaction fees and trading fees on the exchange. Binance nearly holds the largest crypto trading volume of $7.6 billion at the beginning of Q2 2022.
Later in September 2020, Binance Smart Chain (BSC), an EVM-compatible Proof-of-Stake authority (PoSA) blockchain, went live. The exchange token migrated onto the BSC and its functionalities expanded.
BNB (BNB) Price Prediction 2022
BNB (BNB) holds the 4th position on CoinGecko right now. BNB price prediction 2022 is explained below with a daily time frame.
The above chart of BNB (BNB) laid out the Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, BNB (BNB) is in the range of $322.21. If the pattern continues, the price of BNB might reach the resistance levels of $450.7. If the trend reverses, then the price of BNB may fall to $257.5, and $186.3.
BNB (BNB) Support and Resistance Levels
The chart below shows the support and resistance levels of BNB (BNB).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for BNB (BNB).
|Resistance Level 1||$345.9|
|Resistance Level 2||$460.2|
|Support Level 1||$261.3|
|Support Level 2||$196.2|
The charts show that BNB (BNB) has performed a bullish trend over the past month. If this trend continues, BNB might run along with the bulls overtaking its resistance level at $460.2.
Accordingly, if the investors turn against crypto, the price of BNB (BNB) might plummet to almost $196.2, a bearish signal.
BNB (BNB) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of BNB (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 lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of BNB (BNB) is shown in the chart above. Notably, BNB (BNB) price lies below 50 MA (short-term), so it is in a downtrend. Currently, BNB has entered a bearish state. Therefore, there is a possibility of a reversal trend of BNB at any time.
Meanwhile, the relative strength index (RSI) of the BNB is 72.93. This means that BNB (BNB) is in an overbought state. However, this means a major price reversal of BNB may occur in the upcoming days. So, traders need to trade carefully.
BNB (BNB) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of BNB (BNB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of BNB (BNB). Currently, the ADX of BNB lies in the range of 28.3 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of BNB (BNB). RVI measures the constant deviation of price changes over a period of time. The RVI of BNB lies above 50, indicating high volatility. In fact, the RSI of the BNB (BNB) is at 72.93 thus confirming a potential buy signal.
Comparison of BNB with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and BNB (BNB).
From the above chart, we can interpret that the price actions of BNB are a dissimilar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of BNB decreases. And when the price of BTC and ETH decreases, the price of BNB increases.
BNB (BNB) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, BNB (BNB) might probably attain $650 by 2023.
BNB (BNB) Price Prediction 2024
With several upgrades in the network, BNB (BNB) might enter a bullish trajectory. If the coin grabs the attention of major investors, BNB might rally to hit $700 by 2024.
BNB (BNB) Price Prediction 2025
If BNB (BNB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, BNB would rally to hit $750
BNB (BNB) Price Prediction 2026
If BNB (BNB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BNB would rally to hit $800
BNB (BNB) Price Prediction 2027
If BNB (BNB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BNB would rally to hit $850
BNB (BNB) Price Prediction 2028
If BNB (BNB) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BNB would hit $900 in 2028.
BNB (BNB) Price Prediction 2029
If investors flock in and continue to place their bets on BNB (BNB), it would witness major spikes. BNB might hit $950 by 2029.
BNB (BNB) Price Prediction 2030
With greater advancements in the BNB ecosystem, the crypto community might continue to invest in BNB for the next 8 years and drive significant price rallies for the token. Hence, BNB (BNB) might hit $1000 by 2030.
With continuous improvements in the BNB network, we can say that 2022 is a good year for BNB. For this reason, the bullish price prediction of BNB (BNB) in 2022 is $460.2. On the other hand, the bearish price prediction of BNB (BNB) price prediction for 2022 is $186.3.
Furthermore, with the advancements and upgrades to the BNB ecosystem, the performance of BNB would help to reach above its current all-time high (ATH) of $686.31 very soon. But, it might also reach $600 if the investors believe that BNB is a good investment in 2022.
1. What is BNB (BNB)?
BNB (BNB) is an exchange-based token living on the Binance Smart Chain (BSC). Initially launched as the utility token for paying the exchange transaction and trading fees, BNB extended into an efficient payment and investment option.
2. Where can you purchase BNB (BNB)?
BNB(BNB) (BNB) has been listed on many crypto exchanges which include Binance, FTX, KuCoin, Gate.io, HuobiGlobal.
3. Will BNB (BNB) reach a new ATH soon?
With the ongoing developments and upgrades within the BNB platform, BNB has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of BNB (BNB)?
On May 10, 2021, BNB (BNB) reached its new all-time high (ATH) of $686.31.
5. Is BNB (BNB) a good investment in 2022?
BNB (BNB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of BNB in the past few months, BNB is considered a good investment in 2022.
6. Can BNB (BNB) reach $600?
BNB (BNB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues the BNB (BNB) will hit $600 soon.
7. What will be BNB (BNB) price by 2023?
BNB (BNB) price is expected to reach $650 by 2023.
8. What will be BNB (BNB) price by 2024?
BNB (BNB) price is expected to reach $700 by 2024.
9. What will be BNB (BNB) price by 2025?
BNB (BNB) price is expected to reach $750 by 2025.
10. What will be BNB (BNB) price by 2026?
BNB (BNB) price is expected to reach $800 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Recommended For You
- Binance Announces Opening of Local Office in Romania
- Dogecoin (DOGE) Price Prediction 2022 — Will DOGE Hit $1 Soon?