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 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.
Alex Dovbnya
Vladislav Sopov
Dan Burgin