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Buyers keep controlling the situation even at the beginning of the weekend.
BNB/USD
The rate of Binance Coin (BNB) has not changed since yesterday.
On the hourly chart, the price of BNB has made a false breakout of the local support level of $265.9.
Denys SerhiichukIf the daily bar closes far from that mark, there is a chance to see a test of the resistance of $272 tomorrow.
A different picture is on the daily time frame. The rate is located near the resistance of $274.9. If bulls can hold the gained initiative, the breakout may lead to a blast to the $280-$290 zone soon.
From the midterm point of view, traders should pay attention to the level of $271.9. If the situation does not change and the candle closes around the current prices, one can expect a test of the $300 area shortly.
BNB is trading at $269.9 at press time.
Tomiwabold Olajide
Dan Burgin
U.Today Editorial Team
Vladislav Sopov