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The market is neither bullish nor bearish today, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has gone up by 0.55% since yesterday.
On the hourly chart, the rate of BNB is about to break the local resistance of $850.22. If it happens, the accumulated energy might be enough for an ongoing upward move to the $860 mark.
On the longer time frame, the price of the native exchange coin is far from main levels. In this case, consolidation in the range of $840-$870 is the most likely scenario.
From the midterm point of view, the picture is similar.
As none of the sides is dominating, traders may witness sideways trading between $800 and $900 until the end of the month.
BNB is trading at $851.08 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team