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 last day of the week is neutral for the cryptocurrency market.
Top coins by CoinMarketCap
BNB/USD
The price of Binance Coin (BNB) has increased by 0.25% since yesterday.
Image by TradingView
On the hourly chart, the rate of Binance Coin (BNB) is in the middle of the narrow channel between the support at $241.6 and the resistance at $242.8.
Denys SerhiichukAs most of the daily ATR has been passed, consolidation in the area around $242 is the more likely scenario until tomorrow.
Image by TradingView
A similar picture is on the daily time frame, as the rate is far from the key levels. The falling volume confirms that sideways trading is the more likely scenario for the next few days.
Image by TradingView
From the midterm point of view, neither side has accumulated enough strength for either a rise or a fall. In this regard, consolidation between $240 and $245 is the more likely scenario for the next weeks.
BNB is trading at $242.5 at press time.
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.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov