![Binance Coin (BNB) Prediction for August 22](https://u.today/sites/default/files/styles/736x/public/2024-08/s3879.jpg)
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Bulls keep controlling the situation on the cryptocurrency market, according to CoinStats.
![Article image](/sites/default/files/inline-images/top10_1312.png)
BNB/USD
Binance Coin (BNB) is one of the biggest gainers today, rocketing by 6.72%.
![Article image](/sites/default/files/inline-images/bnb1_89.png)
On the hourly chart, the rate of BNB has made a false breakout of the local resistance level of $589. If the daily bar closes far from that mark, traders may witness a drop to the $575-$580 zone.
![Article image](/sites/default/files/inline-images/bnb2_83.png)
On the daily time frame, one should pay attention to the vital zone of $600. If the price gets back to it, the accumulated energy might be enough for a blast to the $640 range.
![Article image](/sites/default/files/inline-images/bnb3_88.png)
From the midterm point of view, the rate of BNB is far from the support and resistance levels. Even if the weekly candle closes bullish, buyers need more time for a further upward move.
All in all, sideways trading in the area of $570-$620 is the more likely scenario.
BNB is trading at $583.90 at press time.