Despite ongoing sellers’ pressure, some coins are in the green zone, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) has dropped by 0.26% since yesterday.
On the hourly chart, the rate of BNB is trading within a narrow range, between the support of $576.61 and the resistance of $586.80.
If the daily bar closes near the upper level, the accumulated energy might be enough for a test of the $600 area.
On the bigger time frame, the price of the native exchange coin is far from key levels. As none of the sides is dominating, ongoing sideways trading in the zone of $570-$600 is the most likely scenario.
From the midterm point of view, the picture is similar. If the weekly candle closes around current prices, traders are unlikely to witness sharp moves by the end of this month.
BNB is trading at $583.41 at press time.
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