Binance Coin Price: For over a month, the crypto market trend has been sideways following the lead of Bitcoin price resonating around $70000. This lateral move is viewed as pre-halving consolidation throwing the weak hands off the market to attract buyers with strong conviction. As a result, the majority of altcoins wavered in uncertainty including Binance coin (BNB). However, this asset still hovering above the healthy retracement level indicates the broader trend remains bullish.
Also Read: Crypto Price Prediction 4/12: Top Altcoins to Focus Ahead of Bitcoin Halving
Will Market Sell-off Push BNB Price Below 500?
Binance Coin Price| Tradingview
BNB, the native cryptocurrency on the Binance Exchange, has been wavering sideways for over a month amid broader market consolidation. This lateral movement confined within two converging trendlines indicates the formation of a pennant pattern.
The chart pattern provides an opportunity for buyers to gather strength for the next upward movement.
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