Summary: Binance Coin (BNB) Price Prediction for July 23

BNB Defies Downturn: Is a New All-Time High Imminent for Binance Coin? While the crypto market largely bleeds red, Binance Coin (BNB) stands out, soaring by 5.5% in the last 24 hours. BNB has defied the general market trend, becoming a beacon of green amidst widespread declines. Key technical levels are now in focus for BNB's immediate price direction. On the hourly chart, BNB touched local resistance at $808.81. The daily candle's close relative to the $800 psychological mark is critical. A close below $800 could lead to a test of $785 support. Conversely, on longer timeframes, BNB has broken past $793. If bulls sustain momentum and close above $800 without a long wick, a new all-time high becomes a strong possibility. Midterm, the picture is still positive, but falling volume suggests bulls need time. This could lead to sideways trading, likely in the $740-$770 range, for energy accumulation. BNB is currently trading at $796.29. Its unique resilience in a down market positions it as a key asset to watch closely.