Binance Coin to US Dollar
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Anderson Noah
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12.11.2024
Binance Coin (BNB) is up 5.5% to $656.0 this week, trailing behind Bitcoin (BTC), which surged by 12.5% to a record $90,003. However, BNB may hold further upside potential. The coin recently broke out of its previous range of $500-600, gaining a modest 8.6% since then. In a similar move, Bitcoin saw a 35% increase after leaving its flat range in mid-October.
This breakout could propel BNB toward the next resistance at $700, with further gains likely. If BNB were to match Bitcoin’s 35.0% rise from its $600 support, the target would reach around $800, a level that would represent a new all-time high for BNB.
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| Ticker | BNBUSD BNB/USD |
| Contract value | 1 Binance Coin |
| Maximum leverage | 1:10 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 1 lot |
| Maximum transaction volume | 100 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
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