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The market is mainly falling today, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has declined by 0.52% since yesterday.
On the hourly chart, the price of BNB is testing the support of $1,003. If a bounce back does not happen, there is a high probability of seeing a level breakout, followed by a drop to the $990 zone.
On the daily time frame, the rate of the native exchange coin has once again bounced off the resistance of $1,034.
If the bar closes around current prices, bears may seize the initiative, which may lead to a more profound decrease to the $960-$980 area.
From the midterm point of view, the situation is less clear. The price is far from key levels, which means none of the sides is dominating. In this regard, traders should pay attention to the interim zone of $1,000. If bulls lose it, the correction may lead to the test of the $900-$920 range.
BNB is trading at $1,004 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team