U.Today - The majority of the coins are under sellers' pressure, however, there are some exceptions to the rule, according to CoinStats.
BNB/USD
The rate of Binance Coin (BNB) has dropped by 0.31% over the last 24 hours.
On the hourly chart, the price of BNB is on its way to the local resistance of $606.73. If the daily bar closes around that mark, one can expect a level breakout, followed by a move to the $620 zone.
On the bigger time frame, the rate of BNB is far from key levels. In this case, traders should focus on the vital zone of $600.
If the price fixes above, there is a chance to see an ongoing upward move to the $620-$640 range.
From the midterm point of view, the price of the native exchange coin has made a false breakout of the previous bar's low. If the weekly candle closes far from it, there is a possibility to witness a bounce back to the middle of the channel.
BNB is trading at $599.92 at press time.
This content was originally published on U.Today
