U.Today Original Article
Price Analysis
Thu, 08/31/2023 – 18:00
Has price of Binance Coin (BNB) found local bottom so far?
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Bears are trying to seize the initiative at the end of the day, according to CoinStats.
On the weekly time frame, one should pay attention to the bar’s closure. If it happens above the $230 mark, buyers might seize the initiative, which can lead to a further rise to the $240 zone.
Such a scenario is relevant until mid-September.
BNB is trading at $223.3 at press time.
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