Binance Coin (BNB) Price Prediction: August 28 Analysis

Binance Coin (BNB)’s price continues to climb today, as per CoinMarketCap data shows a notable increase of 2.18% over the past 24 hours. On an hourly chart, BNB’s price is trending upward after breaking through its local resistance level of $872.81. If bulls manage to maintain this momentum and close near that key mark, further gains toward $890 seem likely. However, on longer timeframes, the rate has been rising following yesterday’s bearish closure. However, decreasing volume suggests buyers might need more time to build up strength for a significant move higher. Sideways trading within the range of $870-$900 is currently the most probable scenario. Looking further ahead, the price of BNB looks poised to return to the $900 mark. If it breaks out successfully, there are no major obstacles in its path, suggesting an opportunity for a new all-time high.