BNB Price Retraces: Altcoin Giant Trims Recent Gains, Can It Recover?

BNB Price Retraces: Altcoin Giant Trims Recent Gains, Can It Recover?


BNB price struggled above $720 and started a downside correction. The price is now moving lower and there is risk of more downsides below $600.

BNB price started a fresh decline below the $650 support zone. The price is now trading below $650 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $650 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could gain bearish momentum if there is a close below the $600 support. BNB Price Trims Gains

After a major increase, BNB price struggled near the $720 resistance. As a result, there was a bearish reaction below the $680 support, like Ethereum and Bitcoin.

Trending: RIGGING 2024: Biden Regime’s MASS AMNESTY is a Mass ILLEGAL VOTER Scheme

The price dipped below

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!