Main navigation

Binance Coin (BNB) Price Prediction for October 4

Advertisement
Fri, 4/10/2024 - 14:52
Binance Coin (BNB) Price Prediction for October 4
Cover image via U.Today

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.

Read U.TODAY on
Google News

Most of the coins are bouncing off today, according to CoinMarketCap.

Advertisement
Article image
Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has risen by 2.54% over the last 24 hours.

Article image
Image by TradingView

On the hourly chart, the price of BNB is near the local resistance of $554.50. If buyers can hold the gained initiative by the end of the day, one can expect a breakout, followed by a move to the $560 zone.

Article image
Image by TradingView

On the bigger time frame, the rate of the native exchange coin is rising after a false breakout of the support of $535.40. However, bulls might need more time to accumulate energy to keep rising. 

Related

In this case, sideways trading in the zone of $550-$560 is the more likely scenario.

Article image
Image by TradingView

From the midterm point of view, the price of BNB is far from support and resistance levels. But if the weekly bar closes near the $520 mark, the fall may continue to the $450-$500 range soon.

BNB is trading at $554.50 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD