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 rates of the coins continue rising in the second part of the week, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has gone up by 4.59% since yesterday.
Despite today's rise, the rate of the native exchange coin keeps looking bullish on the hourly chart.
If the breakout of the $728 resistance level happens, there is a possibility to witness a test of the $740 range.
On the longer time frame, there are no reversal signals yet. The volume remains high, which means buyers keep controlling the situation on the market. In this case, growth is likely to continue to the $750 zone ta least until the end of the week.
From the midterm point of view, the price of BNB is approaching the $737 resistance. If the weekly bar closes around it or above, traders may expect growth to the next level of $793 by the end of the month.
BNB is trading at $722 at press time.
Vladislav Sopov
U.Today Editorial Team