Binance Coin (BNB) Price Prediction for July 23
Main Idea
Binance Coin (BNB) shows a price rise despite market correction, with potential resistance and support levels identified for future trading.
Key Points
1. Binance Coin (BNB) rose by 5.5% while the broader market trend was negative.
2. A local resistance level for BNB is identified at $808.81 on the hourly chart.
3. Traders should monitor the daily bar closure relative to the $800 psychological level for potential price movements.
4. If the price closes below $800, a test of the $785-$793 support zone is possible.
5. A close above $800 without a long wick could signal further upward movement, while sideways trading between $740-$770 is another scenario.
Description
Can rate of Binance Coin (BNB) keep rising against market correction?
$BNB
$766.10
-2.34%
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