Pray attend, good folk: the market doth descend this day, after a brief dalliance with growth, as CoinMarketCap doth inform us with a sigh.
BNB/USD
The rate of Binance Coin (BNB) hath fallen by 3.88 percent in the last twenty-four hours.
Upon the hourly chart, the price of BNB descendeth after a breakout of the local support at $893.20. If the bears’ pressure continueth, one may expect a test of the $850 zone by morrow.
On the longer time frame, attend to the support level at $864.64. If its breakout happeneth, the accumulated energy might be enough for a more profound drop to the $830-$850 zone.
Such a scenario endureth until the end of the week.
From the midterm point of view, the situation is rather more bearish than bullish, even though the rate of BNB is far from key levels. If the weekly bar closeth around the current prices or below them, traders may witness a test of the $800-$820 range next month.
BNB is trading at $860.56 at press time.
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2026-01-29 19:34