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Binance Coin (BNB) Price Prediction for December 24
In a recent analysis, Denys Serhiichuk, a seasoned trader and TradingView blogger, provided a comprehensive outlook on the current market situation regarding various cryptocurrencies. In this article, we will focus on his latest insights about Binance Coin (BNB).
As per the hourly chart, it seems that the price of BNB is heading towards its local support at $684.39. If a breakout occurs, there might be enough energy for a test of the $680 zone soon.
Moving to the daily time frame, traders should keep an eye on the vital zone around $700. In the event that the rate returns to this area and manages to stay above it, it’s feasible to see further growth towards the $720 range by the end of the week.
However, from a midterm perspective, it is still too early to make any long-term predictions as only a few days remain until the bar’s closure.
If the candle closes around current prices, one might expect sideways trading in the zone of $640-$740.
Source: u.today
