Binance Coin (BNB) Price Analysis for August 15

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Sellers are trying to control the situation at the beginning of the week.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has declined by 0.52% over the last 24 hours.

BNB/USD chart byTradingView

Image by TradingView

On the hourly chart, the rate of Binance Coin (BNB) is in the middle of the channel, getting energy for a further sharp move. There are low chances of seeing any sharp moves today as the coin has passed most of its ATR.

In this case, consolidation around the $239 mark is the most likely scenario until tomorrow.

BNB/USD chart byTradingView

Image by TradingView

The situation remains unchanged on the daily chart as none of the sides has seized the initiative yet. Respectively, ongoing sideways trading between $235 and $245 is the more likely scenario until the end of the week.

BNB/BTC chart by TradingView

Image by TradingView

Meanwhile, bears are more powerful than bulls on the daily chart against Bitcoin (BTC) as the rate keeps falling after a failed attempt to fix above the 0.0084 zone. All in all, today’s closure near 0.0081 is a prerequisite for an ongoing decrease to the 0.008 zone.

BNB is trading at $239.3 at press time.

Source: https://u.today/binance-coin-bnb-price-analysis-for-august-15