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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 liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Sellers are still weaker than buyers, according to CoinStats.
Binance Coin (BNB) is one of the biggest gainers today, going up by almost 10%.
Despite today’s sharp rise, the price of BNB is looking bullish on the hourly chart. One should pay attention to the nearest level of $477.2. Until the rate is above that mark, the upward move is likely to continue.
On the daily time frame, there are no reversal signals yet. At the moment, the price is on its way to the vital zone of $500.
If it can break it and fix above, the growth may lead to the test of $520.
Bulls are also powerful on the weekly chart. If the candle closes with no long wick, there is a chance to see a test of the next level of $533.9. Such a scenario is relevant until the end of the month.
BNB is trading at $485 at press time.