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.
Bulls are maintaining their dominance as the prices of the coins are rising.
BNB/USD
Binance Coin (BNB) has not followed the rise of other coins, falling by 0.90%.
On the hourly chart, Binance Coin (BNB) has bounced back from the local support level of $295.3; however, it could not keep the rise above the $300 mark.
If buyers cannot close the day above $300, there are low chances of seeing growth tomorrow. Thus, the native exchange coin is looking worse than most of the other cryptocurrencies.
Today's candle has not affected the technical picture of Binance Coin (BNB) as the token keeps accumulating energy for a further move. Further growth is possible if the bar closes above the $310 zone. If that happens, BNB might rise to the resistance at $336.3.
Binance Coin (BNB) has made a false breakout of the mirror level at 0.017499. Until the rate is above it, buyers have a chance to accumulate power and keep the rise going. However, if the candle closes below that mark, the bearish scenario will become relevant again.
BNB is trading at $298.8 at press time.
Arman Shirinyan
Alex Dovbnya
