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Bulls remain more powerful than bears, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has risen by 4% since yesterday.
On the hourly chart, the rate of BNB is approaching the resistance of $366.8. If the daily bar closes around that price, the growth may continue to the $370-$375 area on the weekend.
A different picture can be seen on the daily time frame. The rate of BNB has made a false breakout of yesterday's candle peak. If it happens far from that mark, sellers may locally seize the initiative, which might lead to a correction to $350.
From the midterm point of view, the price has broken the $338.3 level. Until it is above that level, buyers keep controlling the initiative on the market.
Denys SerhiichukIn this case, one can expect a potential test of the $380-$400 zone by the end of the month.
BNB is trading at $362.6 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin