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Binance Coin Dips 0.87% Amid Market Surge; Price Nears Key Resistance
Generated by AI AgentCoin World
Saturday, Feb 22, 2025 8:34 am ET1min read
Binance Coin (BNB) Price Prediction for February 22
The cryptocurrency market has witnessed a recent surge, with most coins returning to the green zone, as reported by CoinStats. However, the Binance Coin (BNB) has experienced a slight dip of 0.87% over the past 24 hours.
Despite today's decline, the price of BNB is nearing the local resistance level of $659.97. If the daily bar closes around or above this mark, it is likely that the growth will continue towards the $665 zone.
On a larger time frame, the price of the native exchange coin is accumulating energy for a further move. The ongoing sideways trading around the current price is the most probable scenario, as neither buyers nor sellers are currently dominating the market.
From a midterm perspective, the picture remains neutral. The price is within the previous weekly bar, indicating the absence of buyers' or sellers' energy. Therefore, any sharp moves are unlikely to occur by the end of the week.
At the time of this report, Binance Coin is trading at $656.96.
Coin World
Entiende rápidamente la historia y los antecedentes de diferentes monedas muy conocidas
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