Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market keeps setting new peaks, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has risen by 2.68% over the last 24 hours.
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.
On the bigger time frame, one should pay attention to the candle closure in terms of the level formed by the false breakout.
Denys SerhiichukIf it happens far from it, there is a chance of a correction to the $610-$620 zone.
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.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team