Binance Coin (BNB) Price Analysis for January 10

Can BNB keep growing faster than BTC? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch

On the hourly chart, the price of Binance Coin started Tuesday with the false breakout of the local support level; however, it failed to keep the rise going after a bounce back to the resistance at $276.6.If the rate keeps going up, there are chances to see the drop to the $270 zone.

On the daily time frame, the situation is unclear as the price of Binance Coin might have entered the consolidation phase after a few days of growth. Such a statement is also confirmed by the volume. In this case, the more likely scenario is sideways trading in the range of $270-$280. An almost identical situation can be seen on the daily chart against Bitcoin . The bulls might have run out of power to keep the rise going. In this regard, traders are likely to see sideways trading in the narrow range of 0.0158-0.016 until the end of the current week.

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