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The weekend has started with an ongoing decline of most coins, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has dropped by 3.14% over the last 24 hours.
Despite today's fall, the price of BNB is trading near the local resistance of $600.2. If buyers can hold the gained initiative and keep the rate around $600, the growth may continue to the $610-$620 zone tomorrow.
On the bigger time frame, the picture is unclear as neither bulls nor bears have seized the initiative yet. Such a statement is also confirmed by low volume.
In this case, ongoing consolidation in the zone of $560-$620 is the more likely scenario for next week.
A similar situation is on the weekly chart. If the candle closes around the current prices, traders may expect sideways trading between $520 and $550 until the end of the month.
BNB is trading at $592 at press time.
Yuri Molchan
Tomiwabold Olajide
