According to CoinStats, buyers are trying to restore lost positions.
BNB/USD
Binance Coin (BNB) price has increased by 2.56% in the last 24 hours.
Despite the current growth, the BNB exchange rate appears bearish on the hourly chart. The price is on the way to the local support of $684.39. If a breakout occurs, the pent-up energy could be enough to test the $680 zone soon.
On the daily chart, attention should be paid to the nearest vital zone of $700. If the rate returns to that level and fixes above, there is a chance to see continued growth to the $720 range until the end of the week.
In the medium term, it is too early to make long-term predictions, as there are only a few days left until the bar closes.
However, if the candle closes around the current prices, sideways trading can be expected in the $640-$740 zone.
BNB is trading at $686.39 at the time of this publication.
