Coin

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The last day of the week has started bullish for the <a href="https://u.today/bitcoin-btc-price-analysis-for-january-6" rel="noopener noreferrer nofollow">cryptocurrency market</a>. <img data-entity-type="file" data-entity-uuid="3f6c6079-e678-4354-a907-ffab85e69dd1" src="https://u.today/sites/default/files/inline-images/top10_872.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
The rate of Binance Coin (BNB) has increased by 0.39% since yesterday. Over the last week, the price has fallen by 3.13%. <img data-entity-type="file" data-entity-uuid="df2e2458-2c80-4113-8e87-8ab16a73b7f0" src="https://u.today/sites/default/files/inline-images/bnb1_67.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BNB is bearish as it is near the local support level of $305.1.
If the situation does not change by the end of the day, one can expect a breakout to the $300 zone. <img data-entity-type="file" data-entity-uuid="79691377-530c-4026-8ae1-76ca1aee52dc" src="https://u.today/sites/default/files/inline-images/bnb2_65.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, BNB remains under bears' pressure. At the moment, one should pay attention to $300. If bulls lose this vital mark, the fall is likely to continue to the $290 range next week. <img data-entity-type="file" data-entity-uuid="aa98430a-9014-46bd-afdd-d9ac0edef4cc" src="https://u.today/sites/default/files/inline-images/bnb3_66.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, neither buyers nor sellers are dominating. If the bar closes around the current prices, there is a high chance of ongoing sideways trading between the $300 and $320 areas.
BNB is trading at $307 at press time.

Binance Coin (BNB) Price Analysis for January 7

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