The cryptocurrency market is experiencing positive dynamics with most assets on the rise. Binance Coin (BNB) is among the notable gainers.
General Overview of the Cryptocurrency Market
According to CoinMarketCap, most cryptocurrencies are in the green zone, creating an overall positive sentiment for investors.
Binance Coin (BNB) Dynamics
Over the last day, the price of Binance Coin has risen by 1.2%. On hourly charts, BNB is seen fluctuating within a narrow band, between the support at $668.45 and the resistance at $673.21.
Future Movement Perspectives
In the longer term, the price of BNB has bounced from the resistance at $674. If the daily candle closes far from this mark with a long wick, a correction to the $665 zone might occur. It's also important to watch the weekly candle closure at the $673.43 level, as it could signal further upward trends towards the $700 range.
In conclusion, the current situation in the market remains stable, while Binance Coin shows positive trends that may indicate further growth.
