Binance Coin (BNB) Price Analysis for November 2
The growth continues on the market, according to CoinStats.
BNB/USD
The price of Binance Coin (BNB) keeps going up, rising by almost 3%.
On the local chart, the rate of BNB is going down after a false breakout of the resistance of $232.7. If the situation does not change by the end of the day, the drop is likely to continue to the $226 zone soon.
On the bigger time frame, the rate has almost touched the resistance of $234.8.
However, if today’s bar closes with a long wick, sellers may get back in the game, which might lead to a correction to $224.
On the weekly chart, it is too early to make any predictions. However, if the candle closes around the current prices, one can expect sideways trading in the area of $225-$230 for the next few weeks.
BNB is trading at $230 at press time.