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Binance Coin (BNB) Price Analysis for July 13

Okuma süresi: 1 dakikadan kısa

Bulls are giving no chances to bears on the last day of the week, according to CoinStats.CoinStats">

BNBUSD

The price of Binance Coin (BNB) has gone up by 0.55% over the past day.TradingView">

On the hourly chart, the rate of BNB is near the formed resistance of $693. As most of the daily ATR has been passed, increased volatility is unlikely to happen by tomorrow.TradingView">

On the bigger time frame, bulls are trying to return to the game after yesterday's bullish bar.

If a breakout of the resistance of $697.73 happens, the growth may continue to $700 and above.TradingView">

From the midterm point of view, the rate of BNB is about to break the resistance. If bears cannot seize the initiative, there is a possibility of a test of the $720-$740 range next week.

BNB is trading at $692 at press time.