Coin

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 Cover image via <a href="https://u.today/">U.Today</a>
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Bulls are not going to give up so easily, according to <a href="https://u.today/bitcoin-btc-price-analysis-for-february-1">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="615b8935-17a8-4d5d-b267-a45477bf980e" src="https://u.today/sites/default/files/inline-images/top10_918.png">BNB chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
The price of Binance Coin (BNB) has increased by 0.3% since yesterday.
<img data-entity-type="file" data-entity-uuid="d61911b2-3ffc-444a-a622-19d50308982a" src="https://u.today/sites/default/files/inline-images/bnb1_72.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT">TradingView</a>
On the hourly chart, the rate of BNB is rising after a bounce back from the local support level of $299.8. If the daily candle closes far from that mark, there is a chance to see a a test of the resistance soon.
<img data-entity-type="file" data-entity-uuid="e4642e91-903f-490d-88b2-c0f7a6f1aadb" src="https://u.today/sites/default/files/inline-images/bnb2_68.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT">TradingView</a>
A different situation can be seen on the daily time frame. The price is in the middle of a wide channel, between the support of $288.8 and the resistance of $311.7.&nbsp;
As none of the sides has seized the iniative yet, ongoing sideways trading around the $300 zone is the more likely sceneario for the next few days.
<img data-entity-type="file" data-entity-uuid="5c126f28-516b-4425-af29-c5c076ad3e9f" src="https://u.today/sites/default/files/inline-images/bnb3_71.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT">TradingView</a>
From the midterm point of view, the rate of BNB needs more time to accumulate energy for a further move. In this case, traders can expect a consolidation between $290 and $310 until mid-February.
BNB is trading at $302.1 at press time.

Binance Coin (BNB) Price Analysis for February 2

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