Coin

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Most of the coins are facing a bounce back, according to <a href="https://u.today/solana-sol-price-analysis-for-january-23-0" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="d2c39525-694c-4fa1-9672-adcfe4c2c79a" src="https://u.today/sites/default/files/inline-images/top10_900.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 price of Binance Coin (BNB) has not joined the rise of other coins, falling by 0.88%. <img data-entity-type="file" data-entity-uuid="1f15e0d5-4ab5-4c52-ae9c-377bff9386cb" src="https://u.today/sites/default/files/inline-images/bnb1_70.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BNB is more bearish than bullish as it failed to fix above the vital zone of $300. If the situation does not change by the end of the day, one can expect a test of the support of $291.3 shortly. <img data-entity-type="file" data-entity-uuid="3778f356-d030-447b-b9e8-560f2ae4540b" src="https://u.today/sites/default/files/inline-images/bnb_254.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture can be seen on the daily time frame. If the candle closes near the $290 level, the accumulated energy might be enough for a further drop to the $270-$280 zone. <img data-entity-type="file" data-entity-uuid="cb150889-5778-4234-80b5-2e17c02016f3" src="https://u.today/sites/default/files/inline-images/bnb3_69.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, traders should pay attention to the weekly bar closure in terms of the $288.8 level.
If it happens near it or below, the correction is likely to continue to the $271.9 mark. Such a scenario is relevant until the end of the week.
BNB is trading at $294.7 at press time.

Binance Coin (BNB) Price Analysis for January 24

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