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The week is ending bullish for most of the coins, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has risen by 1.51% since yesterday. Over the last week, the price has risen by 1.16%.
On the hourly chart, the price of BNB is near the local resistance of $873.80. If bulls can hold the gained initiative and the daily bar closes around $873 or above, the growth is likely to continue to the $880 mark.
On the bigger time frame, the rate of the native exchange coin is rising. However, the price is far from the support and resistance levels.
As neither side is dominating, sideways trading in the range of $860-$880 is the more likely scenario.
From the midterm point of view, the picture is more positive for buyers. If the weekly bar closes near the $900 mark, traders may witness a resistance breakout, followed by an ongoing upward move.
BNB is trading at $871.40 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team