Binance Coin (BNB) Price Prediction for November 11
2024-12-11
Category: None

Bulls are trying to hold the initiative, and most of the coins remain in the green zone, according to CoinMarketCap. CoinMarketCap">
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The rate of Binance Coin (BNB) has increased by 0.87% over the last 24 hours.TradingView">
On the hourly chart, the price of BNB has made a false breakout of the local resistance of $691.54. However, if the daily bar closes near that mark or even above it, growth may continue to the $700 zone tomorrow.TradingView">
On the bigger time frame, the picture is less bullish. The rate of the native exchange coin is in the middle of the channel, between the support of $627.99 and the resistance of $750.01. 
As none of the sides is dominating, ongoing sideways trading is the more likely scenario until the end of the week.TradingView">
From the midterm point of view, neither buyers nor sellers are dominating. If the weekly bar closes near current prices, traders may expect consolidation around $700 in the next few days.
BNB is trading at $690.70 at press time.