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Most of the coins keep growing today, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has gone up by 2.18% over the last 24 hours.
On the hourly chart, the price of BNB is rising after breaking the local resistance of $872.81. If bulls can hold the gained initiative and the candle closes far from that mark, the upward move is likely to continue to the $890 mark.
On the longer time frame, the rate of the native exchange coin is going up after yesterday's bearish closure. However, the volume keeps going down, which means buyers might need more time to accumulate energy for a further move.
In this case, sideways trading in the area of $870-$900 is the most likely scenario.
From the midterm point of view, the price of BNB is coming back to the $900 mark. If its breakout happens, there are no obstacles ahead, which means there are high chances of seeing a new all-time high.
BNB is trading at $877.93 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team