Can BNB keep up with the rise of BTC? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch
On the hourly chart, the price of Binance Coin might have found the local bottom at $323.5. If the bar closes above this mark, the rise may continue to the middle of the channel, the area of $332-$334.
On the bigger chart, the rate of BNB has made a false breakout of the recently formed support at $325. However, the native exchange coin might need more time to gain strength for a further move.In this case, sideways trading in the range of $330-$335 is the more likely scenario until the end of the week.
The opposite situation can be seen on the daily chart against Bitcoin . The price is about to break the support level at 0.01150. If the closure happens near it, a sharp drop may lead to the test of the 0.01140 mark shortly.
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