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Most coins are back in the green today, according to it CoinStats.
National Bank of Bahrain/US Dollar
The price of Binance Coin (BNB) has remained almost unchanged since yesterday.
On the hourly chart, BNB price is falling after setting a local resistance level at $715.80. If seller pressure continues, the decline may continue to the $700 area by tomorrow.
On the larger time frame, the local exchange currency price is in the middle of a narrow channel, between the $682.68 support and $732.11 resistance.
Related to
Since neither buyers nor sellers are in control, any sharp movements are unlikely to occur soon.
From a mid-term point of view, it is too early to make any predictions as there are still a few days left until the bar closes. However, if buyers want to get back in the game, they must bring the price back to the temporary level of $740 and above.
BNB is trading at $707.50 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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