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**Binance Coin (BNB) Price Prediction for December 24**
As of now, Binance Coin (BNB) is trading at $686.39. In light of recent market trends and technical analysis, I believe it’s crucial to provide an update on potential price movements.
On the daily chart, we see that BNB has been consolidating within a tight range. This accumulation phase may be building up enough energy for another leg upwards. The possibility is not ruled out that accumulated energy might be enough for a test of the $680 zone soon.
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.
Image by TradingView
From the midterm point of view, it’s too early to make any long-term predictions as only a few days remain until the bar’s closure. However, if the candle closes around current prices, one may expect sideways trading in the zone of $640-$740.
In conclusion, while it is difficult to predict Binance Coin (BNB) price movements, we believe that the accumulation phase might be building up enough energy for a test of the $680 zone soon.
Source: u.today
