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The last day of the week is more bullish than bearish, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has risen by 0.15% since yesterday.
On the hourly chart, the price of BNB is about to break the local resistance of $650.62. If a breakout happens, the upward move may lead to a test of the $655 range soon.
On the bigger time frame, the picture is also bullish.
If the daily candle closes above the $651.51 level, the rise may lead to a test of the $660-$670 area next week.
From the midterm point of view, the situation is less positive. The price of the native exchange coin is far from the support and resistance levels. In this case, any sharp ups or downs are unlikely to happen shortly.
BNB is trading at $650.50 at press time.
Vladislav Sopov
U.Today Editorial Team