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Binance Coin Trades Near $700 as November Forecast Sets $750 Target

At about 2:28 a.m. ET (07:28 UTC) Nov. 1, BNB stood 5.7% below CoinDCX’s October target and $2.54 below its November range floor.

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A gold token rests below a raised brass step / TokenPost.ai
A gold token rests below a raised brass step / TokenPost.ai

BNB stood at $702.46 at about 2:28 a.m. ET (07:28 UTC) Nov. 1, about 5.7% below the $745 October target after the forecast period ended Oct. 31.

CoinDCX’s Oct. 30 projection set an October close target near $745 within a $700–$770 range. Its November projection set a $750 target within a $705–$785 range. At the Nov. 1 reading, BNB was $2.54 below the November range’s lower end.

An earlier report on CoinDCX’s October projection covered the $745 target before the month ended.

Writer Arman Shirinyan wrote at 8:01 p.m. ET Oct. 30 (00:01 UTC Oct. 31), “While BNB stays below $710, the short-term bias is bearish.” He identified $680–$690 as a possible bounce zone and $650 as a downside scenario if that area failed.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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