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Binance Coin (BNB) Prediction for September 6

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Fri, 6/09/2024 - 15:15
Binance Coin (BNB) Prediction for September 6
Cover image via U.Today

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Bulls are trying to restore their lost positions, according to CoinMarketCap.

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Top coins by CoinMarketCap

BNB/USD

The price of Binance Coin (BNB) has risen by 0.84% over the last 24 hours.

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Image by TradingView

On the hourly chart, the rate of BNB has broken the local resistance of $508.10. If buyers can hold the gained initiative and the daily bar closes above that mark, the upward move is likely to continue tomorrow.

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Image by TradingView

On the daily time frame, the picture is bearish. The price is testing the support of $495.80. If it breaks out, traders may witness a sharp drop to the $470-$480 range soon.

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Image by TradingView

From the midterm point of view, there are no reversal signals yet.

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If the weekly bar closes around the current prices, or below them, there is a chance to see a test of the support level of $454.80 within the next few days.

BNB is trading at $499.60 at press time.

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