BNB’s price loses its $340 support as the price trades to a region of $290 before bouncing off this region.
BNB’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.
BNB’s price remains weak across all timeframes as the price trades slightly above the 50 Exponential Moving Average (EMA).
Previous weeks saw the price of Binance Coin (BNB) outperform Bitcoin (BTC). Most altcoins trend higher as many produced gains of over 200%, including Binance Coin (BNB) rallying from a region of $300 to a high of $390, with many hoping the price of BNB would pull off a good price action to a region of $450. Still, these expectations were cut short by the uncertainty surrounding the crypto market. BNB’s price is looking strong, with many questions about how long bulls will defend this region with the current market issue between Binance and FTX, creating a fear of uncertainty and doubt for most traders and investors
We współpracy z: https://www.newsbtc.com/analysis/binance-coin-holds-above-290-amidst-crypto-purge-are-bulls-still-in-control/
