Neither bullish nor bearish sentiment prevails at the start of the weekend, as reported by CoinStats. The Binance Coin (BNB) has seen a modest 0.78% increase in value since the previous day. On the hourly timeframe, BNB is experiencing an upward trend following a breakout above the local resistance level of $596.5. This indicates stronger buying pressure, suggesting a potential continued uptrend. However, the daily chart shows that today's uptick has not significantly altered the overall technical outlook. The price remains distanced from key levels, pointing to a probability of sideways movement. It is anticipated that BNB will consolidate within the narrow range of $590-$610 in the coming days. Looking at the midterm perspective, the scenario remains relatively stable, with no immediate expectations of sharp price fluctuations due to a lack of momentum from both buyers and sellers. Currently, BNB is trading at $598.
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