Binance Coin (BNB) Price Analysis for December 23

Buyers keep controlling the situation even at the beginning of the weekend.

BNB/USD

The rate of Binance Coin (BNB) has not changed since yesterday.

On the hourly chart, the price of BNB has made a false breakout of the local support level of $265.9.

If the daily bar closes far from that mark, there is a chance to see a test of the resistance of $272 tomorrow.

A different picture is on the daily time frame. The rate is located near the resistance of $274.9. If bulls can hold the gained initiative, the breakout may lead to a blast to the $280-$290 zone soon.

From the midterm point of view, traders should pay attention to the level of $271.9. If the situation does not change and the candle closes around the current prices, one can expect a test of the $300 area shortly.

BNB is trading at $269.9 at press time.

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