The price of Binance Coin (BNB) has declined by 0.57% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of BNB is in the middle of the local channel. At the moment, one should pay attention to the vital zone of $600.
If buyers can hold the price above it, there is a chance to see a resistance breakout tomorrow.
Image by TradingViewOn the bigger time frame, the rate of the native exchange coin has once again bounced off the support of $595.8. If the daily bar closes far from it, the upward move may continue to the $620-$640 zone.
Image by TradingViewFrom the midterm point of view, one should pay attention to the bar’s closure in terms of the last candle low. If it happens below $600, the correction is likely to continue to the $550 area within the next few days.
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 denys.serhiichuk@u.today.
