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The rates of all coins from the top 10 list are going up today, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has gone up by almost 1% since yesterday.
On the hourly chart, the rate of BNB is on its way to the local resistance of $769.79. If the daily bar closes near that mark, traders may witness a level breakout, followed by growth to the $780 area.
On the longer time frame, the price of the native exchange coin is far from support and resistance levels. In this case, one should focus on the interim zone of $770.
If it breaks out, there is a possibility of seeing a test of $790-$800 range.
From the midterm point of view, there are no reversal signals yet. If the weekly candle closes below $740, the decline is likely to continue to the $700 mark.
BNB is trading at $764.88 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team