The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Top Cryptos Binance Coin (BNB)

Binance Coin (BNB) Price Prediction for June 2022

Binance Coin (BNB) Price Prediction for June 2022
Share on FacebookShare on Twitter


Key Insights:

  • BNB’s price held well during May.
  • Binance coin’s fall below the $300 mark has turned the bullish bias into bearish.
  • In the near term, high BTC correlation could play spoilsport for BNB’s price.

Bitcoin’s price has ranged between the $28,500 support and $30,600 resistance level over the past few weeks. BTC’s recent fall below the $30,000 mark ignited market sell-offs affecting major altcoins’ trajectory.

Over the last month, Binance Coin (BNB) has been one of the better performing altcoins in the top ten cryptocurrencies by market cap. In fact, towards the end of May, the altcoin’s path appeared to have a bullish structure on the price charts.

However, the recent market sell-offs pulled BNB’s price below the $300 mark as the bullish bias shifted to bearish once more. So, where will BNB’s price go in the month of June?

BNB Price Analysis

At the time of writing, BNB’s price oscillated at $296.58, noting a 2.57% fall on the daily chart. BNB faced rejection at the crucial $320 resistance level as bears took control of the market.

On May 30, the altcoin rose above the $320 level, but bulls couldn’t build upon this move, and the price soon turned southward.

The u-turn in prices from the upper price range highlighted that bears posed a strong challenge at $325.

BNB Price Chart | Source: FXempire

In the near term, if bears can add to the sell-side pressure, prices can fall back to the $295 and then to the $265 mark. On the contrary, if prices gain upside momentum, a revisit to the higher $325 mark can be expected.

In the event of a recovery, the $325 mark will be an essential level to keep an eye on in the near term. If BNB’s price retests that level, it could suggest that bulls are accumulating on dips. Market accumulation could help BNB’s price break above the $325.

Binance’s Roadmap

More often than not, Altcoins’ trajectory is dependent on their ecosystem-centric developments. Recently, BNB Chain unveiled a new technical roadmap with the aim of making the network faster and more decentralized by the end of 2022.

The announcement was made at the BNB Chain Revelation Summit, highlighting that the network will see increased decentralization with the adoption of BEP-131. Additionally, developers anticipate improved security and stability for the network as the number of validators on the BNB Smart Chain increase.

The document said,

“This proposal would increase the number of BSC Mainnet validators from 21 to 41, providing more decentralization and incentives for validators to constantly innovate their hardware and infrastructure.”

Furthermore, the BNB Beacon Chain will also make the Binance decentralized exchange (DEX) open-source by the second quarter of the year to improve transparency and multi-chain integration.

With the chain’s fundamentals getting more robust in the coming months, BNB’s price could witness growth.

BNB Price Prediction

Recently, the community of voters at CoinMarketCap estimated that the largest crypto exchange’s digital currency would trade at an average of $403.23 by the end of June 2022. Notably, the community has a historical accuracy rate of 83%, and the prediction saw 2,975 votes.

However, the estimated price indicates an almost 30% increase from the altcoin’s current value under the $300 mark.

Data from Coinalyze highlighted that merely $601K worth of BNB was liquidated during the recent fall, which was much less than the liquidations seen from May 9-12.

Source: Coinalyze

The relatively less long liquidations could mean that either an actual fall still awaits or the danger has passed. For now, looking at BNB’s high correlation with BTC’s price, it could be said that in the near term, if bitcoin notes further losses, BNB’s price could slide southward.



Read More:
Binance Coin (BNB) Price Prediction for June 2022

Tags: BinanceBNBCoinJunePredictionprice
Previous Post

Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

Next Post

Yuga Labs and ApeCoin DAO seem divided as community votes in favor of…

Related Posts

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

by The Cryptos News
July 30, 2022
0

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has...

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

by The Cryptos News
July 30, 2022
0

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S....

How to Buy Polkadot Coin | Cryptopolitan

How to Buy Polkadot Coin | Cryptopolitan

by The Cryptos News
July 30, 2022
0

Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT...

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

by The Cryptos News
July 30, 2022
0

The world of cryptocurrencies is becoming ever more popular, and the speed at which people begin trading grows more...

Next Post
Yuga Labs and ApeCoin DAO seem divided as community votes in favor of…

Yuga Labs and ApeCoin DAO seem divided as community votes in favor of…

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz