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Bulls are giving no chances to bears on the last day of the week, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has gone up by 0.55% over the past day.
On the hourly chart, the rate of BNB is near the formed resistance of $693. As most of the daily ATR has been passed, increased volatility is unlikely to happen by tomorrow.
On the bigger time frame, bulls are trying to return to the game after yesterday's bullish bar.
If a breakout of the resistance of $697.73 happens, the growth may continue to $700 and above.
From the midterm point of view, the rate of BNB is about to break the resistance. If bears cannot seize the initiative, there is a possibility of a test of the $720-$740 range next week.
BNB is trading at $692 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team