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**Binance Coin (BNB) Price Analysis for July 13**
As the cryptocurrency market experiences a surge in recent times, Binance Coin (BNB), one of the prominent cryptocurrencies by market capitalization, has also shown remarkable growth. In this analysis, we will dive into the present price and future predictions of BNB.
The current price of BNB is trading at $692. While bulls have been pushing the coin forward, bears are expected to take control soon. However, the overall trend remains bullish.
On the hourly chart, it appears that BNB’s rate is near the formed resistance of $693. Considering most of the daily ATR has been passed, increased volatility is unlikely to happen by tomorrow.
In a broader perspective, bulls seem to be trying to regain control after yesterday’s strong bullish bar. If the rate of BNB breaks through the resistance of $697.73, it may continue its growth towards $700 and beyond.
On the other hand, if bears cannot seize the initiative, there is a possibility of testing the range of $720-$740 next week.
Currently, Binance Coin (BNB) has seen a massive 0.55% increase over the past day.
Source: u.today
