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Binance Coin (BNB) Price Prediction for November 10

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Sun, 10/11/2024 - 16:00
Binance Coin (BNB) Price Prediction for November 10
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The market keeps setting new peaks, according to CoinMarketCap.

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Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has risen by 2.68% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of BNB might have set a local resistance level of $644.20. As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

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Image by TradingView

On the bigger time frame, one should pay attention to the candle closure in terms of the level formed by the false breakout.

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If it happens far from it, there is a chance of a correction to the $610-$620 zone.

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Image by TradingView

A more bullish picture is on the weekly chart. If the bar closes around the current prices and far from the $612.60 level, the growth may continue to the vital zone of $700 by the end of the month.

BNB is trading at $634.48 at press time.

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