$BNB

Binance Coin shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 568. Further rise to 765 or more is signaled. The currency has marginally broken down through support at points 710. An established break predicts a further decline. The currency is overall assessed as technically neutral for the medium long term.