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Bulls are more powerful than bears at the end of the week, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has gone up by 2.82% over the past day.
On the hourly chart, the price of BNB is falling after setting a local resistance of $643.94. As sellers' pressure continues, there is a chance to see a test of the support by tomorrow.
On the bigger time frame, one should focus on the daily candle's closure in terms of the $643.72 level.
If it happens far from it, bears may seize the initiative, which may lead to a correction to $619.90.
From the midterm point of view, the situation remains bullish. If the weekly bar closes around current prices, one can expect a level breakout, followed by a test of the $660-$680 zone.
BNB is trading at $634.07 at press time.
Vladislav Sopov