The Short term downtrend in BNB has tumbled to coin price by 50% and dropped to the $333 support. The buyers are trying to hold the price above the $336 mark, indicating this support as a high area of interest for possible reversal. Moreover, Binance has recently announced its partnership with Gulf Energy Development to establish a new digital asset trading platform in Thailand.
Key technical element to ponder
The BNB coin chart tease a death crossover among the 50-and-200-day EMA
The intraday trading volume in the BNB Network coin is $1.81 Million, indicating a 20% loss.
Source- Tradingview
In our previous coverage of the Binance coin, Coingape warned the correction phase would extend as the coin price was rejected from the descending trendline ($505). However, the sudden sell-off in the crypto market bolstered the ongoing selling pressure and slipped the price to $336.
The coin buyers have managed to halt the downfall at the $336 mark. The technical chart shows several lower price
We współpracy z: https://coingape.com/markets/bnb-network-price-analysis-tugs-of-war-inside-a-narrow-range-decides-next-rally-for-bnb/
