Can BNB return to the bullish trend shortly? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch BinanceAngels
The rate of Binance Coin could not withstand bears' pressure, going down by 1.86% over the last 24 hours.
After the false breakout of the resistance, the price of Binance Coin might have found the local bottom at the support level of $305.1. As the native exchange coin has passed most of its daily ATR, sideways trading in the narrow range of $306-$308 is the more likely scenario. On the daily chart, one should pay attention to the interim support level at $308. If the candle closes below it, there are high chances of seeing a further drop to the $300 zone. Such a scenario is relevant until the end of the month.
The situation is a little bit more positive on the daily time frame against Bitcoin . The price keeps trading sideways, between the support at 0.01260 and the resistance at 0.012975.
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