Binance Coin (BNB) Price Prediction for September 7

The week is ending bullish for most of the coins, according to CoinMarketCap.

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Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has risen by 1.51% since yesterday. Over the last week, the price has risen by 1.16%.

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On the hourly chart, the price of BNB is near the local resistance of $873.80. If bulls can hold the gained initiative and the daily bar closes around $873 or above, the growth is likely to continue to the $880 mark.

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On the bigger time frame, the rate of the native exchange coin is rising. However, the price is far from the support and resistance levels.

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As neither side is dominating, sideways trading in the range of $860-$880 is the more likely scenario.

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From the midterm point of view, the picture is more positive for buyers. If the weekly bar closes near the $900 mark, traders may witness a resistance breakout, followed by an ongoing upward move.

BNB is trading at $871.40 at press time.

Source: https://u.today/binance-coin-bnb-price-prediction-for-september-7