Binance Coin (BNB) held on to its bullish bias on Friday after dropping from the $335 area yesterday. The smart chain cryptocurrency slowed its descent at the $320 low, where my multi-month tripwire coasts and has since bounced off the line.
We could see a bullish continuation over the weekend, with BNB breaking the $340 line for the first time since early May as the cryptocurrency industry continues to lean towards ending the ongoing bear cycle. At the same time, we could see a quiet tone over the weekend, as has been commonplace in the last few weekends. Either way, I do not see a bearish sentiment taking precedence this weekend.
Meanwhile, my resistance levels are $340, $350, and $360, and my support levels are $320, $310, and $300.