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Bulls are trying to control the situation on the market despite sellers' pressure, according to <a href="https://u.today/xrp-price-prediction-for-november-6" rel="noopener noreferrer nofollow">CoinStats</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1462.png" data-entity-uuid="a82a5006-dd4e-4216-a5e0-3cadc1e377ba" data-entity-type="file" data-caption="BNB chart by&amp;nbsp;<a href=&quot;https://coinstats.app/coins/&quot;>CoinStats</a>">
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
The rate of Binance Coin (BNB) has increased by 1.86% over the last 24 hours. <img src="https://u.today/sites/default/files/inline-images/bnb1_101.png" data-entity-uuid="eb3509e6-f247-46d8-968d-a8723613f1fe" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BNBUSDT&quot;>TradingView</a>">
On the hourly chart, the price of BNB is looking bearish as it is near the local support of $591.21.
If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to the $580-$585 zone. <img src="https://u.today/sites/default/files/inline-images/bnb2_94.png" data-entity-uuid="c2ab6f1f-fa92-41a0-8559-ed44e70361c3" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BNBUSDT&quot;>TradingView</a>">
On the bigger time frame, the picture is rather more bearish than bullish. If the daily bar closes with a long wick and far from its peak, bears may seize the initiative, which might lead to a correction to the $580 area. <img src="https://u.today/sites/default/files/inline-images/bnb3_99.png" data-entity-uuid="4aec928f-4f2a-4577-b256-18e10cd599f7" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BNBUSDT&quot;>TradingView</a>">
On the weekly chart, bulls still have the chance to grow further. If the bar closes near the resistance of $612.60, the energy might be enough for a blast to the $640-$680 range.
BNB is trading at $595.44 at press time. <a href="https://u.today/binance-coin-bnb-price-prediction-for-november-7" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Binance Coin (BNB) Price Prediction for November 7

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