Binance Coin (BNB) Price Prediction for July 23

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.