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Most currencies continue to trade in the green zone, according to CoinMarketCap.
National Bank of Bahrain/US Dollar
The price of Binance Coin (BNB) has increased by 1.87% in the past 24 hours.
On the hourly chart, BNB price broke the local resistance of $719.88. If buyers can maintain the initiative gained, the upward move towards the $730 region is likely to continue.
On the daily time frame, the local exchange rate is on its way to the $732.11 resistance level. If a breakout occurs, the accumulated energy could be enough to move into the $760 range.
From a mid-term point of view, you should pay attention to the $760 interim area.
Related to
If the buyers pressure continues, one can expect the resistance at $793.86 to be tested soon.
BNB is trading at $721.49 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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