Coin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Sellers have locally seized the initiative, according to <a href="https://u.today/ethereum-eth-price-analysis-for-october-27" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="626503c6-6f6b-488f-b9eb-e32095dc7e02" src="https://u.today/sites/default/files/inline-images/top10_738.png">BNB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
Unlike other coins, the price of Binance Coin (BNB) has risen by 1.40% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="3cdcb4cc-df2a-4d06-9788-a48f3a486fbc" src="https://u.today/sites/default/files/inline-images/bnb1_56.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of Binance Coin (BNB) is in the middle of the local channel, gaining energy for a further move.&nbsp;
As the price has passed most of its daily ATR, sideways trading in the area of $225-$230 is the more likely scenario until tomorrow. <img data-entity-type="file" data-entity-uuid="8f85ad50-5708-4a41-b8cf-d99d07f3c159" src="https://u.today/sites/default/files/inline-images/bnb2_55.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, the rate of BNB is neither bullish nor bearish as the rate is stuck between the support of $219 and the resistance of $231. In this case, consolidation in that range remains the more likely scenario for the next few days. <img data-entity-type="file" data-entity-uuid="5bc1ba91-e08c-463a-813e-dd504d4995a0" src="https://u.today/sites/default/files/inline-images/bnb3_54.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly time frame, closure above the level of $221.3 could play a key role in terms of further price moves. However, if the candle closes with a long wick, there is a chance to see a correction below the $220 zone.
BNB is trading at $224.5 at press time.

Binance Coin (BNB) Price Analysis for October 27

Table of Contents

U_Today

Other articles published on Oct 27, 2023

From Zero to $10 Million: Andrew Tate Shares Top Tips for Profiting in Crypto

Dogecoin (DOGE) to Moon? X to Implement Full Financial Service by 2024

Roobet Celebrates Nippon Baseball Championship with $1,000,000 Free-to-Play Contest

Polygon 2.0 token upgrade goes live on Ethereum network

EDI Team Unveils Cutting-Edge Tool for Measuring Blockchain Decentralization on the Consensus Layer

Zhao’s Net Worth Drops Sharply to $17.3 Billion Amid Binance’s Struggles

Join our free newsletter for daily crypto updates!