$BNB ๐๐ฅ๐ค๐๐๐ฌโ๏ธโ๏ธ๐๐ป๐๐ป
๐จ๐The current price of Binance (BNB) today is $849.53, having increased by 0.09% over the last 24 hours.
According to analyses, bulls indicate control over the cryptocurrency market, with BNB rising by 6.72%
๐*Technical Analysis:*
- On the hourly chart, the price of BNB has made a fake breakout of the local resistance level at $589. If the daily candle closes away from this level, traders may witness a decline to the $575-580 area.
- On the daily timeframe, attention should be paid to the vital area at $600. If the price returns to this level, the accumulated energy might be enough for a breakout to the $640 range.
*Price Predictions:*
- Sideways trading is likely to continue in the $570-620 area.
- Even if the weekly candle closes with an upward trend, buyers need more time for additional upward movement.
*Factors Influencing the Market:*
๐ฏ- Investors are eagerly awaiting the kickoff of the "Jackson Hole" forum and the attendance of central bank governors.
๐ฏ- Higher-than-expected inflation data and expectations of an interest rate cut next month.
#BNB๐๐ฅ๐ค๐๐ #Web3 #Write2Earn #BinanceSquareTalks #HEMIBinanceTGE