The middle of the week is bullish for most of the coins, according to CoinMarketCap.

BNB/USD

Binance Coin (BNB) is the only exception to the rule, falling by 0.38% since yesterday.

On the hourly chart, the price of BNB is on its way to the local support of $627.48. If it breaks out, the decline is likely to continue to the $625 mark by tomorrow.

On the bigger time frame, the picture is rather more bearish than bullish. If the daily bar closes below yesterday’s candle low, the accumulated energy might be enough for a test of the vital $600 zone by the end of the month.

From the midterm point of view, none of the sides has seized the initiative yet. 

If the weekly bar closes around the current prices, sideways trading in the area of $600-$650 is the most likely scenario.

BNB is trading at $629.10 at press time.