The market is slightly rising at the end of the week, according to CoinStats.CoinStats”>

BNBUSD

The rate of Binance Coin (BNB) has fallen by 0.67% since yesterday, while the price change over the last week has made up +4.51%.TradingView”>

On the hourly chart, the price of BNB is closer to the support than to the resistance. 

If sellers’ pressure continues, one can expect a breakout of the bottom level, followed by a further drop to the $615 mark.TradingView”>

On the bigger time frame, traders should pay attention to the $643.72 level. Until it breaks out, there is a chance to see a decline to the $600 area. Such a scenario is relevant untli the end of the next week.TradingView”>

From the midterm point of view, neither bulls nor bears are dominating. In this case, traders are unlikely to witness sharp moves any time soon.

BNB is trading at $623.41 at press time.