Binance Coin (BNB) Price Prediction for September 21
09/21/2024 23:05Is price of Binance Coin (BNB) ready for midterm growth?
Original U.Today article
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Most of the coins keep rising at the beginning of the weekend, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has increased by 2.65% since yesterday.
On the hourly chart, the price of BNB might have found a local resistance level at $587.6. If the daily bar closes far from it, one can expect a local correction to the $570 range.
On the bigger time frame, traders should focus on the candle closure in terms of the $583.9 level.
If bulls can hold the initiative, there is a chance of a breakout followed by a further rise to the vital zone of $600.
On the weekly chart, bulls are trying to be back in the game in the midterm. If a breakout of the crucial area of $600 happens, the accumulated energy might be enough for a move to the $680-$700 range soon.
BNB is trading at $583.3 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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