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Does Binance Coin (BNB) rate have enough energy to move fast? In this post, we will review the Binance Coin price forecast for June 2, 2024.
Neither bulls nor bears are dominant at the start of the weekend, according to data from analytics website CoinStats. Binance Coin (BNB) has increased by 0.78% since yesterday.
In the hourly time frame, the price of the native exchange coin is increasing after breaking the local resistance level of $596.5. While the rate is above this limit, buyers are more powerful than sellers. Hence, there is a possibility of a continuous upward movement.
On the daily chart, today’s increase has not affected the overall technical picture. Side deals remain the more likely scenario. Because the price is far from the main levels.
Overall, we can expect consolidation in the narrow $590-$610 range over the next few days.
From a medium-term point of view, the situation is almost the same. Due to the lack of energy on both sides, any major ups and downs are unlikely to happen anytime soon. BNB is trading at $598 at press time.
