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The crypto market is almost green today, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has gone up by 0.89% over the last day.
On the hourly chart, the rate of BNB is trying to fix above the local resistance of $899.80. If it happens, the accumulated energy might be enough for a further upward move to the $910 mark.
On the longer time frame, one should focus on the daily candle's closure in terms of the $904.86 level.
If its breakout happens, traders may witness a test of the $920-$940 range soon.
A less clear picture can be seen on the weekly time frame. The price of BNB is within the previous bar, which means none of the sides has enough strength to seize the initiative. All in all, sideways trading in the range of $850-$950 is the most likely scenario.
BNB is trading at $902.44 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team