The market keeps setting new local lows, according to CoinMarkertCap.

BNB/USD

The rate of Binance Coin (BNB) has dropped by 4.83% over the last 24 hours.

On the hourly chart, the price of BNB has made a false breakout of the local support of $900. However, one should focus on the daily bar’s closure in terms of that mark. If it happens far from that, traders may expect a bounce off to the resistance.

On the longer time frame, there are no reversal signals yet. The rate of the native exchange coin keeps going down after a false breakout of the $1,007 resistance. 

However, if the daily candle closes far from its low, there is a chance to see local growth to the $950 range.

From the midterm point of view, the situation is similar. One should pay attention to the closest level of $860. If the bar closes below it, the decline is likely to continue to the $750-$800 range.

BNB is trading at $915.65 at press time.