Binance Coin (BNB) price is nearly unchanged in the past month.
Binance removed over 1.64 million BNB from circulation, early on Monday, per official announcement. BNB social dominance and volume recovered on Tuesday, per on-chain data. BNB hovers around $585, awaiting a catalyst to break past key resistance at $664. Binance Coin price is nearly unchanged in the past month. Data from TradingView shows BNB price is $585 at the time of writing. On-chain metrics support a thesis of gains in BNB, as social dominance and volume climbs this week.
The momentum indicator, Moving Average Convergence Divergence supports a recovery in BNB, it indicates positive underlying momentum in Binance Coin’s price. BNB/USDT daily chart BNB could find support at July 16 low of $554, and $517.80, the 23.60% Fibonacci retracement level of the mentioned decline. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
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