Binance Coin (BNB) Price Analysis for December 14

Bulls are trying to get back in the game, according to CoinStats.

BNB/USD

Unlike other coins, the rate of Binance Coin (BNB) has dropped by 0.19%.

On the hourly chart, the price of BNB is approaching to the local support level of $248.2. If the daily candle closes around that mark, one can expect a breakout, followed by a blast to the $245 zone.

On the daily time frame, the rate of BNB is trading within yesterday’s candle, which means that none of the sides has seized the initiative yet.

In this regard, ongoing sideways trading around $250 is the more likely scenario for the next few days.

On the weekly chart, traders should pay attention to the bar closure in terms of the resistance of $261.7. If it happens near that level, the growth may continue to the $270-$280 zone.

BNB is trading at $250.2 at press time.

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