Some coins have returned to the red zone at the end of the week, according to CoinMarketCap.
Top coins by CoinMarketCapBNB/USD
The rate of Binance Coin (BNB) has fallen by 0.87% since yesterday. Over the last week, the price has risen by 2.86%.
Image by TradingView
On the hourly chart, the price of BNB is returning to the local support level of $593.1. If the drop continues, one can expect a breakout followed by a move to the $590 zone.
Image by TradingView
On the bigger time frame, the picture remains bearish. If buyers want to be back in the game, they need to restore the rate to the resistance of $616.
Image by TradingView
From the midterm point of view, the price of Binance Coin (BNB) has made a false breakout of the resistance of $612.6. If the weekly candle closes far from it, there is a chance of a correction to the $580 range next week.
BNB is trading at $596.5 at press time.
