U.Today - The majority of the coins keep falling today, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) is unchanged since yesterday.
On the hourly chart, the rate of BNB is far from the support and resistance levels. Thus, most of the daily ATR has been passed. In this case, buyers are unlikely to witness sharp moves by tomorrow.
On the bigger time frame, the price of the native exchange coin has almost touched the interim support level of $500.
However, if its breakout happens, the drop may continue to the $450 range within the next few days.
From the midterm point of view, it is too early to make any distant predictions. But if the weekly bar closes far from its low, bulls may locally seize the initiative. In this regard, traders may expect a test of the $550-$600 zone.
BNB is trading at $546 at press time.
This content was originally published on U.Today
