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.
Some coins have returned to the red zone, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has increased by 1.45% over the last day.
On the hourly chart, the price of BNB is near the local resistance of $561. If the daily bar closes around that mark, the upward move may continue to the $565 zone.
On the bigger time frame, one should focus on the level of $559.7. If bulls can hold the initiative and the candle fixes around it or above, the accumulated energy might be enough for an upward move to the $580 area.
From the midterm point of view, the price of BNB is far from the support and resistance levels.
Denys SerhiichukIf the weekly bar closes around $560, one can expect sideways trading in the range of $550-$600 within the next days.
BNB is trading at $560.9 at press time.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin