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Buyers are back in the game, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has gone up by 2.78% over the last day.
On the hourly chart, the rate of BNB has made a false breakout of the local support of $645.65. If the growth continues, traders may witness a test of the resistance by the end of the day.
A less clear picture can be seen on the daliy time frame. The price of the native exchange coin keeps trading sideways, accumulating energy for a further move.
Denys SerhiichukIn this case, consolidation in the zone of $640-$670 is the more likely scenario.
Neither bulls nor bears are dominating on the weekly chart. However, the rate of BNB is closer to the resistance than to the support level. If the breakout of the upper line happens, one can expect a blast to the vital area of $700 and above.
BNB is trading at $646.33 at press time.
Godfrey Benjamin
Dan Burgin
Vladislav Sopov