Binance Coin (BNB) Prediction for August 10

As a seasoned crypto investor with a decade of experience under my belt, I’ve learned to navigate the volatile market with a blend of patience and calculated risk-taking. The weekend, traditionally a time for the bulls to roar, seems particularly promising according to CoinMarketCap’s analysis.


Buyers are more powerful than sellers at the beginning of the weekend, according to CoinMarketCap.

Binance Coin (BNB) Prediction for August 10

BNB/USD

The rate of Binance Coin (BNB) has increased by 2.02% over the last 24 hours.

Binance Coin (BNB) Prediction for August 10

On an hourly basis, the price trend for BNB appears optimistic. Keep an eye on the nearby mark of $514. If the daily chart ends above this point, the bullish momentum could persist, potentially driving the price towards $520 and beyond.

Binance Coin (BNB) Prediction for August 10

Over a larger time period, the value of our local cryptocurrency deviates significantly from key price points. But if the cost breaches the immediate resistance level, it might trigger a potential test of the $530-$540 range within the upcoming week.

Binance Coin (BNB) Prediction for August 10

Looking at the midpoint analysis, it appears that the BNB price temporarily surged above its $454.8 support level, but this movement might not be sustainable and could potentially be considered a ‘false breakout.’

If the weekly bar tends to close close to its highest point and without a large range in between (small wick), it’s likely that prices will continue to increase towards the $560-$600 range before the end of the month.

BNB is trading at $515.4 at press time.

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2024-08-10 18:17