Binance Coin (BNB) price is in a downtrend as it rallies above $200 support. Bears took the altcoin down to a low of $183 on June 18, while bulls bought the dips. After the recovery, the BNB price is now fluctuating between $200 and $240.
The price of Binance Coin (BNB) is in a downtrend as the price falls below the moving averages. Last week, bulls broke above the 21-day line SMA twice, but were rejected. BNB is now trading below the moving averages, indicating further downward movement of the cryptocurrency.
Binance Coin (BNB) price is in a downward correction and has fallen below the moving averages. Currently, the selling pressure has eased as the altcoin is undergoing an upward correction. Since May 25, the upward correction has ended at the $340 resistance zone.
Binance Coin (BNB) price is in a downtrend as it has fallen to a low of $207 but has recovered above the $240 support. The cryptocurrency has reached bearish exhaustion as the altcoin has fallen to the low of $207.