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The majority of the coins keep setting new local peaks, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) is almost unchanged since yesterday.
On the hourly chart, the price of BNB is closer to the resistance than to the support. If the daily bar closes near the upper level, traders may witness a breakout, followed by a move to the $890 mark.
On the longer time frame, the rate of the native exchange coin has once again bounced off the $884.05 resistance level.
If the bar closes far from that mark, sellers may seize the initiative, which may lead to a drop to the $860-$870 zone.
From the midterm point of view, none of the sides is dominating as the price of BNB is far from main levels. Thus, the volume is falling, which means there are low chances of seeing sharp moves anytime soon.
BNB is trading at $876.59 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team