BNB recovery looks sustainable as the price aims for $326 resistance again

Binance Coin BNB/USD is very strong despite missing a key resistance at $326. The cryptocurrency dropped to a minor support at $277 but is now looking bullish again at $326. The token was trading at $297 at press time.

Cryptocurrencies have been mixed of late as markets digest a potential rate hike by the Federal Reserve. In the last 24 hours, most of the tokens were in green. The gains, however, were not enough to erase the previous week's losses. BNB returned around 2% during the same period, but lost 6.47% over the past 7 days.

Nevertheless, BNB is the cryptocurrency to watch this week as price action shows strong momentum. Cryptocurrencies are getting a boost from the crypto recovery as exchange trading volumes improve.