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The rates of all of the top 10 coins are falling today, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has gone down by 1.37% over the last 24 hours.
On the hourly chart, the price of BNB is approaching the local support of $640.11.
If its breakout happens and the daily bar closes below that mark, one can expect a test of the $635 mark soon.
On the longer time frame, bears are also controlling the situation on the market. If the rate breaks the support level, the accumulated energy might be enough for a more profound decline to the $630 area.
On the weekly chart, there are no reversal signals yet. If the bar closes around current prices, there is a chance to see a test of the support of $625 by the end of the month.
BNB is trading at $638.70 at press time.
Vladislav Sopov
U.Today Editorial Team