$BNB Binance Coin is in a rising trend channel in the medium long term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. The currency is testing resistance at points 690. This could give a negative reaction, but an upward breakthrough of points 697 means a positive signal. RSI above after a good price increase the past weeks. The currency has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which supports the positive trend.
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