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The crypto market is bullish on the first day of the weekend, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has increased by 4.82% over the last 24 hours.
On the hourly chart, the rate of BNB is far from the support and resistance levels. As most of the daily ATR has been passed, any sharp moves are unlikely to happen by tomorrow.
On the bigger time frame, the price of the native exchange coin has set a new all-time high at $900.71.
As there are no reversal signals yet, ongoing growth remains the more likely scenario for the next few days.
From the midterm point of view, one should focus on the level formed by the false breakout ($861.10). If bulls can hold the gained initiative and the bar closes far from that mark and with no long wick, the upward move may continue to new peaks.
BNB is trading at $885.95 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team