u.today
The market keeps setting new local lows, according to CoinMarkertCap.
BNB/USD
The rate of Binance Coin (BNB) has dropped by 4.83% over the last 24 hours.
On the hourly chart, the price of BNB has made a false breakout of the local support of $900. However, one should focus on the daily bar's closure in terms of that mark. If it happens far from that, traders may expect a bounce off to the resistance.
On the longer time frame, there are no reversal signals yet. The rate of the native exchange coin keeps going down after a false breakout of the $1,007 resistance.
However, if the daily candle closes far from its low, there is a chance to see local growth to the $950 range.
From the midterm point of view, the situation is similar. One should pay attention to the closest level of $860. If the bar closes below it, the decline is likely to continue to the $750-$800 range.
BNB is trading at $915.65 at press time.