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.
The weekend has started with ongoing buyer dominance as the majority of the coins are in the green zone.
BNB/USD
The rate of Binance Coin (BNB) has risen by 2.39% over the last 24 hours.
On the hourly chart, Binance Coin (BNB) started the day with growth. However, it could not fix above the $320 mark, forming the false breakout of $318.4.
Denys SerhiichukThe more likely scenario is sideways trading in the range of $315-$318, as one should not expect sharp moves on the weekend.
On the daily chart, the price of Binance Coin (BNB) has made a false breakout of the resistance at $321 against increased volume. At the moment, one should pay attention to the bar closure. If it happens around the $320 mark, the accumulated strength might be enough for a blast to the $330 zone.
From the midterm point of view, Binance Coin (BNB) remains bullish as the price has once again almost touched the support level at $281.1 and is currently trading above the $300 mark. All in all, the more likely scenario is further growth to $337.8.
BNB is trading at $316.3 at press time.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
Alex Dovbnya
Vladislav Sopov