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BNBUSD

The rate of Binance Coin (BNB) has increased by 2.02% over the last 24 hours.Image by TradingView

On the hourly chart, the price of BNB is looking bullish. One should pay attention to the local level of $514. If the daily candle closes above it, the upward move is likely to continue to the $520 zone and above.Image by TradingView

On the bigger time frame, the rate of the native exchange coin is far from the main levels. However, if the price breaks the nearest resistance, there is a chance of a test of the $530-$540 zone next week.Image by TradingView

From the midterm point of view, the price of BNB has made a false breakout of the support level of $454.8.

If the weekly bar closes near its peak and with no long wick, one can expect ongoing growth to the $560-$600 range by the end of the month.

BNB is trading at $515.4 at press time.