Advertisement
AD

Main navigation

Advertisement

Binance Coin (BNB) Price Analysis for August 1

Advertisement
Tue, 1/08/2023 - 16:00
Binance Coin (BNB) Price Analysis for August 1
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The market is mainly red, according to the CoinMarketCap ranking.

Advertisement

Top coins by CoinMarketCap

Top coins by CoinMarketCap

BNB/USD

Binance Coin (BNB) is an exception to the rule, as its rate has risen by 0.52% over the last 24 hours.

BNB/USD chart by TradingView

Image by TradingView

On the hourly chart, the price of Binance Coin (BNB) has fixed above the local resistance level at $243.8. If buyers can hold the gained initiative until the end of the day, the upward move may continue to the $250 area tomorrow.

BNB/USD chart by TradingView

Image by TradingView

On the bigger time frame, the rate of Binance Coin (BNB) has once again tested the resistance at $246.7. At the moment, one should pay attention to the bar's closure. If it happens around that mark, the accumulated strength might be enough for continued midterm growth to the next vital level at $257.8.

Related

Such a scenario is relevant until mid-August.

BNB/BTC chart by TradingView

Image by TradingView

The rate of Binance Coin (BNB) is looking bullish on the daily chart against BTC as the rate is about to fix above the level at 0.008437. If nothing crucial changes until the end of the day, the rise may continue to the 0.0086 area shortly.

BNB is trading at $244.6 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD