Binance Coin (BNB) Price Prediction for February 16

Bulls remain more powerful than bears, according to CoinStats.

BNB/USD

The price of Binance Coin (BNB) has risen by 4% since yesterday.

On the hourly chart, the rate of BNB is approaching the resistance of $366.8. If the daily bar closes around that price, the growth may continue to the $370-$375 area on the weekend.

A different picture can be seen on the daily time frame. The rate of BNB has made a false breakout of yesterday’s candle peak. If it happens far from that mark, sellers may locally seize the initiative, which might lead to a correction to $350.

From the midterm point of view, the price has broken the $338.3 level. Until it is above that level, buyers keep controlling the initiative on the market.

In this case, one can expect a potential test of the $380-$400 zone by the end of the month.

BNB is trading at $362.6 at press time.

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