Coin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
The market is mainly red, according to the <a href="https://u.today/btc-eth-and-xrp-price-analysis-for-july-31-0" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="2f3bd7ba-3a3b-40a8-b852-20a69e0af4e4" src="https://u.today/sites/default/files/inline-images/top10coin_0.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="bnb-usd">BNB/USD</h2> 
Binance Coin (BNB) is an exception to the rule, as its rate has risen by 0.52% over the last 24 hours. 
<img alt="BNB/USD chart by TradingView" data-entity-type="file" data-entity-uuid="d2cf3f6f-2bea-429f-8091-f1463dab8823" src="https://u.today/sites/default/files/inline-images/bnb1_36.png"> 
Image by <a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of Binance Coin (BNB) has fixed above the local resistance level at $243.8. If buyers can hold the gained initiative until the end of the day, the upward move may continue to the $250 area tomorrow. 
<img alt="BNB/USD chart by TradingView" data-entity-type="file" data-entity-uuid="9e26429e-9d40-469d-a95a-bdf69371a3d1" src="https://u.today/sites/default/files/inline-images/bnb2_36.png"> 
Image by <a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger time frame, the rate of Binance Coin (BNB) has once again tested the resistance at $246.7. At the moment, one should pay attention to the bar's closure. If it happens around that mark, the accumulated strength might be enough for continued midterm growth to the next vital level at $257.8. 
Such a scenario is relevant until mid-August. 
<img alt="BNB/BTC chart by TradingView" data-entity-type="file" data-entity-uuid="05287337-9897-403f-a729-725955c7188e" src="https://u.today/sites/default/files/inline-images/bnb3_34.png"> 
Image by <a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
The rate of Binance Coin (BNB) is looking bullish on the daily chart against BTC as the rate is about to fix above the level at 0.008437. If nothing crucial changes until the end of the day, the rise may continue to the 0.0086 area shortly. 
BNB is trading at $244.6 at press time.

Binance Coin (BNB) Price Analysis for August 1

Table of Contents

U_Today

Other articles published on Aug 1, 2023

FTX proposes a restructuring plan to creditors and teases possible reboot

Crypto Twitter believes SBF secretly backs BALD

ICHI: YIELD IQ LIVE ON ARBITRUM

SEC Sues Hex Founder Richard Heart For Alleged Fraud, Says He Used Gains to Buy Sports Cars, Blac...

UBER Stock Price Prepares to React in Quarterly Earnings

Can Artificial Intelligence (AI) Use Ethereum (ETH)?

Join our free newsletter for daily crypto updates!