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The market is slightly rising at the end of the week, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has fallen by 0.67% since yesterday, while the price change over the last week has made up +4.51%.
On the hourly chart, the price of BNB is closer to the support than to the resistance.
Denys SerhiichukIf sellers' pressure continues, one can expect a breakout of the bottom level, followed by a further drop to the $615 mark.
On the bigger time frame, traders should pay attention to the $643.72 level. Until it breaks out, there is a chance to see a decline to the $600 area. Such a scenario is relevant untli the end of the next week.
From the midterm point of view, neither bulls nor bears are dominating. In this case, traders are unlikely to witness sharp moves any time soon.
BNB is trading at $623.41 at press time.
Vladislav Sopov
Dan Burgin