Coin

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The weekend has started neutral for the <a href="https://u.today/shib-price-analysis-for-january-19" rel="noopener noreferrer nofollow">cryptocurrency market</a> as some coins are rising while others keep falling. <img data-entity-type="file" data-entity-uuid="30b704c1-4850-4c65-adbd-4d63a2443cc0" src="https://u.today/sites/default/files/inline-images/top10_892.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 risen by 0.27% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="59acbffd-f89f-4971-81ae-a6d5619774d2" src="https://u.today/sites/default/files/inline-images/bnb1_69.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BNB looks bullish as it is approaching the resistance of $315.6.
If bulls keep controlling the initiative, one can expect a breakout to the $317-$319 zone. <img data-entity-type="file" data-entity-uuid="0a6e7a9d-d255-40d2-83da-8a7a950d987d" src="https://u.today/sites/default/files/inline-images/bnb2_67.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
A similar situation is on the daily time frame. If the bar closes near the $316.3 mark or above it, the upward move is likely to continue to the $320-$324 range next week. <img data-entity-type="file" data-entity-uuid="62bea2f8-057f-4a16-a59d-0144ad661acc" src="https://u.today/sites/default/files/inline-images/bnb3_68.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the weekly candle closure in terms of the previous bar peak. If it happens above $316.8, traders may see further growth to the next resistance at $338.3. Such a scenario is relevant until the end of the month.
BNB is trading at $314.9 at press time.

Binance Coin (BNB) Price Analysis for January 20

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