All of the top 10 cryptocurrencies are in the red area today, according to CoinStats.

BNB/USD

The price of Binance Coin (BNB) has fallen by 1.6% over the last day.

On the hourly chart, the rate of BNB is going down after setting a local resistance of $978.61. If the daily bar closes far from that mark, one can expect a test of the support by tomorrow.

On the longer time frame, there are no reversal signals yet. If bulls cannot seize the initiative and the candle closes with a long wick, the correction is likely to continue to the $920-$940 zone.

From the midterm point of view, the picture is similar. The rate of BNB is declining after a false breakout of the $1,161 level. 

If the bar closes below the psychological $1,000 mark, there is a high chance to witness a test of the $881 support soon.

BNB is trading at $961 at press time.