U.Today – Buyers are trying to restore the lost positions, according to CoinStats.

The price of (BNB) has increased by 2.56% over the last 24 hours.

Despite today’s growth, the rate of BNB is looking bearish on the hourly chart. The price is on its way to the local support of $684.39. If a breakout happens, the accumulated energy might be enough for a test of the $680 zone soon.

On the daily time frame, one should pay attention to the nearest vital zone of $700. If the rate gets back to it and fixes above, there is a possibility of seeing ongoing growth to the $720 range until the end of the week.

From the midterm point of view, it is too early to make any long-term predictions as only a few days remain until the bar’s closure.

However, if the candle closes around current prices, one may expect sideways trading in the zone of $640-$740.

BNB is trading at $686.39 at press time.

This content was originally published on U.Today