Bulls keep controlling the initiative on the market by the middle of the week, according to CoinMarketCap.
Top coins by CoinMarketCapBNB/USD
The rate of Binance Coin (BNB) has risen by 3.37% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of BNB is in the middle of the local channel, between the support at $928.50 and the resistance at $954.68.
As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
Image by TradingViewOn the longer time frame, one should focus on the candle’s closure in terms of yesterday’s bar peak. If it happens near the bar’s peak or above it, growth may continue to the $1,000 zone soon.
Image by TradingViewFrom the midterm point of view, the price of the native exchange coin is breaking the resistance at $928.24. If it happens and the bar fixes above it, the accumulated energy might be enough for a test of the $1,000-$1,100 area by the end of the month.
BNB is trading at $944.89 at press time.
Source: https://u.today/binance-coin-bnb-price-analysis-for-january-14
