Binance Coin (BNB) Price Analysis for January 30

A local rise continues on the cryptocurrency market, according to CoinStats.

BNB/USD

The price of Binance Coin (BNB) has increased by 0.85% over the last 24 hours.

Despite today’s rise, the rate of BNB is looking bearish on the local time frame. The price has broken the support of $309.5. If the daily candle closes below it, sellers may seize the initiative, which might lead to a further drop to $305.

On the daily chart, the situation is similar. If the fall continues after a false breakout of the resistance of $311.7, traders may witness a test of the vital zone of $300 this week.

On the daily time frame against BTC, Binance Coin (BNB) has already broken the 0.007150 level. If buyers cannot change the situation shortly, one can expect a drop to the 0.0070 area.

BNB is trading at $308.8 at press time.

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