![Binance Coin (BNB) Price Prediction for July 18](https://u.today/sites/default/files/styles/736x/public/2024-07/50507.jpg)
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The market bounce back has not lasted long, according to CoinStats.
![Article image](/sites/default/files/inline-images/top10_1243.png)
BNB/USD
The rate of Binance Coin (BNB) has dropped by 1.67% since yesterday.
![Article image](/sites/default/files/inline-images/bnb1_85.png)
On the hourly chart, the price of BNB has broken the local support of $568.60. If the daily bar closes below it, the decline may continue to the $560 zone tomorrow.
![Article image](/sites/default/files/inline-images/bnb2_80.png)
On the bigger time frame, one should pay attention to yesterday's bar low.
If the closure happens below it, there is a good chance of seeing a test of the $540-$550 zone by the end of the week.
![Article image](/sites/default/files/inline-images/bnb3_84.png)
From the midterm point of view, the rate of BNB has again failed to fix above the $585.30 level. If the weekly bar closes far from it, bears may again seize the initiative, which could lead to a drop to the $550 mark.
BNB is trading at $567.30 at press time.