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Buyers are trying to regain lost positions, according to... CoinStats.
National Bank of Bahrain/US Dollar
The price of Binance Coin (BNB) has increased by 2.56% in the past 24 hours.
Despite today's growth, BNB price looks bearish on the hourly chart. The price is on its way to the local support of $684.39. If the breakout occurs, the accumulated energy could be enough to test the $680 area soon.
On the daily time frame, you should pay attention to the nearest vital area at $700. If the price goes back to it and repairs above, we will likely see continued growth to the $720 range until the end of the week.
From a mid-term point of view, it is too early to make any long-term predictions as there are only a few days left until the candle closes.
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However, if the candle closes near current prices, one can expect a sideways trade in the $640-$740 area.
BNB is trading at $686.39 at press time.
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