Coin

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A local rise continues on the cryptocurrency market, according to <a href="https://u.today/doge-and-shib-price-analysis-for-january-29">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="43ac418d-ebed-41ca-912c-a0a2702b6614" src="https://u.today/sites/default/files/inline-images/top10_912.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 0.85% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="4542c3aa-0a21-4942-a194-f2f567ae5f44" src="https://u.today/sites/default/files/inline-images/bnb1_71.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT">TradingView</a>
Despite today's rise, the rate of BNB is looking bearish on the local time frame. The price has broken the support of $309.5. If the daily candle closes below it, sellers may seize the initiative, which might lead to a further drop to $305.
<img data-entity-type="file" data-entity-uuid="e3da6725-b272-4623-983a-711771b56531" src="https://u.today/sites/default/files/inline-images/bnb2%5D.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT">TradingView</a>
On the daily chart, the situation is similar. If the fall continues after a false breakout of the resistance of $311.7, traders may witness a test of the vital <a href="https://u.today/ada-and-bnb-price-analysis-for-january-28">zone of $300</a> this week.
<img data-entity-type="file" data-entity-uuid="7f990b36-25aa-4db9-b7a4-f3a526b85ffd" src="https://u.today/sites/default/files/inline-images/bnb3_70.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT">TradingView</a>
On the daily time frame against BTC, Binance Coin (BNB) has already broken the 0.007150 level. If buyers cannot change the situation shortly, one can expect a drop to the 0.0070 area.
BNB is trading at $308.8 at press time.

Binance Coin (BNB) Price Analysis for January 30

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