The rate of Binance Coin (BNB) has risen by 0.78% since yesterday.

On the hourly time frame, the price of the native exchange coin is going up after a breakout of the local resistance level of $596.5. While the rate is above that mark, buyers are more powerful than sellers and there is a chance of an ongoing upward move.

On the daily chart, today's rise has not affected the overall technical picture. Sideways trading remains the more likely scenario as the price is far from the main levels.

All in all, one can expect consolidation in the narrow range of $590-$610 within the next few days.