Binance Coin (BNB) Price Prediction for November 1

As a seasoned researcher with years of experience in the cryptocurrency market, I find myself intrigued by today’s dynamics. The bearish start to the day seems to have given way to a determined push from most coins, as per CoinStats. This reminds me of a bull charging uphill – slow and steady, but unrelenting.


Despite a bearish start, many cryptocurrencies appear to be taking control, as suggested by CoinStats.

BNB/USD

The rate of Binance Coin (BNB) has increased by 0.15% over the last 24 hours.

Looking at the hourly chart, the cost of BNB has surged following its breakthrough of the resistance barrier. Should bulls manage to maintain their momentum, an upward trend seems probable, potentially pushing prices towards the $590-$600 zone by the end of the weekend.

On a day-to-day basis, it’s premature to foresee any trends. A potential increase could be on buyers’ minds once the price surpasses the crucial $600 level again.

In that case, there is a chance to see a test of the resistance of $612.6.

Looking from a midpoint perspective, traders need to keep an eye on the significant level at around $612.60. Should this level be surpassed, there could be sufficient momentum to push prices up towards the $700 mark.

BNB is trading at $582.20 at press time.

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2024-11-01 18:43