Main navigation

Binance Coin (BNB) Price Analysis for January 10

Tue, 01/10/2023 - 15:25
article image
Denys Serhiichuk
How powerful is Binance Coin (BNB) against other coins?
Binance Coin (BNB) Price Analysis for January 10
Cover image via

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 cryptocurrency market has faced a correction after a few days of sharp rise.

Top coins by CoinMarketCap


The price of Binance Coin (BNB) has dropped by 1.59% over the last 24 hours.

BNB/USD chart by TradingView

On the hourly chart, the price of Binance Coin (BNB) started Tuesday with the false breakout of the local support level; however, it failed to keep the rise going after a bounce back to the resistance at $276.6.

BTC and ETH Price Analysis for January 9

If the rate keeps going up, there are chances to see the drop to the $270 zone.

BNB/USD chart by TradingView

On the daily time frame, the situation is unclear as the price of Binance Coin (BNB) might have entered the consolidation phase after a few days of growth. Such a statement is also confirmed by the volume. In this case, the more likely scenario is sideways trading in the range of $270-$280.

BNB/BTC chart by TradingView

An almost identical situation can be seen on the daily chart against Bitcoin (BTC). The bulls might have run out of power to keep the rise going. In this regard, traders are likely to see sideways trading in the narrow range of 0.0158-0.016 until the end of the current week.

Binance Coin is trading at $274.4 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at