bullish

Coin

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The rise of most of the coins has stopped, according to <a href="https://u.today/btc-eth-and-xrp-prediction-for-july-29" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="f7eb226a-b453-483c-bb76-85f568bdf6ca" src="https://u.today/sites/default/files/inline-images/top10_1265.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>
The rate of Binance Coin (BNB) has dropped by 2.62% over the last day. <img data-entity-type="file" data-entity-uuid="ab7e4d02-5c88-451c-a2e4-af2a4bdb86fb" src="https://u.today/sites/default/files/inline-images/bnb1_87.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BNB is looking bullish as it is on its way to testing the local resistance level of $576.40. If the bar closes near it, there is a chance of a breakout, followed by a move to the $580 zone. <img data-entity-type="file" data-entity-uuid="fe26ba59-69e6-47d4-8a18-4c5b5b95cf68" src="https://u.today/sites/default/files/inline-images/%D0%B8%D1%82%D0%B82_0.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate of the native exchange coin is far from the support and resistance. It means that none of the sides is ready for a sharp move.&nbsp;
Such a statement is also confirmed by low volume. All in all, sideways trading in the wide range of $560-$590 is the most likely scenario. <img data-entity-type="file" data-entity-uuid="d995106e-da2f-4701-b7e9-423fcf023068" src="https://u.today/sites/default/files/inline-images/bnb3_86.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the picture is quite similar. If the weekly candle closes around current prices, traders may witness an ongoing consolidation between $550 and $600.
BNB is trading at $574.40 at press time.

Binance Coin (BNB) Prediction for July 30

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Další články publikované 30. 7. 2024

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