Binance Coin (BNB) Price Analysis for July 17

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U.Today
07-17

The rates of the coins continue rising in the second part of the week, according to CoinStats.

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Top coins by CoinStats

BNB/USD

The price of Binance Coin (BNB) has gone up by 4.59% since yesterday.

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Image by TradingView

Despite today's rise, the rate of the native exchange coin keeps looking bullish on the hourly chart. 

If the breakout of the $728 resistance level happens, there is a possibility to witness a test of the $740 range.

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Image by TradingView

On the longer time frame, there are no reversal signals yet. The volume remains high, which means buyers keep controlling the situation on the market. In this case, growth is likely to continue to the $750 zone ta least until the end of the week.

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Image by TradingView

From the midterm point of view, the price of BNB is approaching the $737 resistance. If the weekly bar closes around it or above, traders may expect growth to the next level of $793 by the end of the month.

BNB is trading at $722 at press time.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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