Coin

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Bulls keep controlling the situation on the cryptocurrency market, according to <a href="https://u.today/xrp-prediction-for-august-21" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="c7cf7499-ec43-43f2-a5e4-ab3a02137a1d" src="https://u.today/sites/default/files/inline-images/top10_1312.png">BNB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
Binance Coin (BNB) is one of the biggest gainers today, rocketing by 6.72%. <img data-entity-type="file" data-entity-uuid="d9592463-840b-4396-9a9f-d70439416753" src="https://u.today/sites/default/files/inline-images/bnb1_89.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BNB has made a false breakout of the local resistance level of $589. If the daily bar closes far from that mark, traders may witness a drop to the $575-$580 zone. <img data-entity-type="file" data-entity-uuid="ca99ac82-959d-4e15-8437-447c36381913" src="https://u.today/sites/default/files/inline-images/bnb2_83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, one should pay attention to the vital zone of $600. If the price gets back to it, the accumulated energy might be enough for a blast to the $640 range. <img data-entity-type="file" data-entity-uuid="ce7d93bf-6948-4adc-937c-681d19febc3e" src="https://u.today/sites/default/files/inline-images/bnb3_88.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of BNB is far from the support and resistance levels. Even if the weekly candle closes bullish, buyers need more time for a further upward move.
All in all, sideways trading in the area of $570-$620 is the more likely scenario.
BNB is trading at $583.90 at press time.

Binance Coin (BNB) Prediction for August 22

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