The crypto market is currently bullish, with the rate of Binance Coin (BNB) increasing by 5% in the past day. On the hourly chart, BNB may have encountered resistance at $548.20. If the weekly bar closes far from this mark, bears could return and the price may drop to the $530 range. On the larger time frame, BNB's growth continues, but if the candle closes far from its peak, a rollback to the $520-$530 zone could occur. On the weekly chart, BNB is far from support and resistance levels, suggesting ongoing sideways trading between $520 and $600. BNB is currently trading at $539.
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