Buyers are controlling the initiative today on the crypto market, according to CoinStats.
BNB/USD
Binance Coin (BNB) is the exception to the rule, going down by 0.07%.
On the hourly chart, the price of BNB is near the local support level of $646.53. If it breaks out, bears may seize the initiative, which may lead to a more profound decline to the $640 area.
On the bigger time frame, the rate of the native exchange coin is trading within yesterday’s bar. Thus, the volume keeps going down.
All in all, sideways trading in the narrow range of $640-$660 is the most likely scenario by the end of the week.
From the midterm point of view, the picture is similar. As neither bulls nor bears are dominating, there are low chances of seeing ups or downs soon.
BNB is trading at $648.59 at press time.
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