bullish

Coin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
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

Spis treści

U_Today

Inne artykuły opublikowane 30 lip 2024

Is Bitcoin Still the Most Commonly Exploited Cryptocurrency by Criminals?

Solana Overtakes Ethereum in Transaction Fees After Beating BNB in Market Cap

Kamala Harris Campaign Confirms Outreach to Major Crypto Firms Including Ripple, Circle, and Coin...

Can PEPE sustain its surge to $0.000017? Key metrics suggest…

XRP Up More Than 4% In 24 hours

Ethereum and Bitcoin ETF Inflows Surge

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!