Can the rate of BNB get back to the $300 mark soon? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch BinanceAngels
Binance Coin has turned out to be less of a loser than Bitcoin , falling by 2.71%.
On the hourly chart, the price of Binance Coin has bounced off the support at $288.7. Currently, traders should focus on that mark as, if the candle closes near it, the ongoing decline may continue to the $285 mark. On the bigger time frame, the price of Binance Coin is trading near the interim support at $289.8. In case of a false breakout, one can expect a further downward move to the $280 area.From the midterm point of view, the rate of Binance Coin is below the $300 mark again, which means that bears have seized the initiative. In this case, there is a high possibility of seeing a continued drop by the end of the week to the support at $281.1.
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