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The weekend has started neutral for the cryptocurrency market as some coins are rising while others keep falling.
BNB/USD
The rate of Binance Coin (BNB) has risen by 0.27% over the last 24 hours.
On the hourly chart, the price of BNB looks bullish as it is approaching the resistance of $315.6.
Denys SerhiichukIf bulls keep controlling the initiative, one can expect a breakout to the $317-$319 zone.
A similar situation is on the daily time frame. If the bar closes near the $316.3 mark or above it, the upward move is likely to continue to the $320-$324 range next week.
From the midterm point of view, one should pay attention to the weekly candle closure in terms of the previous bar peak. If it happens above $316.8, traders may see further growth to the next resistance at $338.3. Such a scenario is relevant until the end of the month.
BNB is trading at $314.9 at press time.
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov