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Binance Coin (BNB) Price Prediction for May 17

u.today

14 hour ago

Binance Coin (BNB) Price Prediction for May 17

Bears are more powerful than bulls on the first day of the weekend, according to CoinStats. BNB/USD The price of Binance Coin (BNB) has fallen by 4.12% over the last day. On the hourly chart, the rate of BNB is in the middle of the local channel. However, if the growth continues, one can expect a test of the resistance by tomorrow. On the bigger time frame, the price of the native exchange coin has made a false breakout of the $640.66 level. However, one should focus on the daily bar closure. If it happens around that mark, traders may witness an ongoing correction to the $630 range. From the midterm point of view, bulls have failed to maintain the rise after the previous bullish closure. If the bar closes far from the $680 mark, a further downward move remains the more likely scenario. BNB is trading at $641.53 at press time.

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