Binance Coin quotes, along with the entire altcoin market, do not have a clear formed trend. Growth in demand led to the re-achievement of April highs at $ 17 and $ 18.14. The current movement of quotes develops within these levels and boundaries of the “Channel Up” technical analysis model. Saving momentum on growth will allow BNB to go to the region of $ 19.36, $ 21.30 and then to $ 23.50. At the same time, leaving below the 200-day moving average will send altcoin to the region of the region $ 15.30− $ 16.

The return to the market of institutional investors massively acquiring crypto assets positively affected the growth of quotes of top cryptocurrencies. But to continue the upward movement, more external incentives are needed, which can be formed mainly from the news background about promising projects and the further legalization of the crypto industry.