Binance Coin (BNB) rebounds above $258 support as price reaches the high of $300 and pulls back. There is a long candlestick tail indicating that the bulls have bought the dips as the crypto rebounds above the current support.
Binance Coin (BNB) has resumed a sideways move after buyers failed to keep the BNB price above the $340 high. Sellers were stopped out above the $294 low. The crypto appears to be on the rise as it approaches the $320 high. In short, altcoin is fluctuating between $294 and $340.
Binance Coin (BNB) is in a positive uptrend. The current uptrend is facing resistance at the $310 high. The resistance at $310 is the previous support from May 29. In that price action, the market rallied up to $420 high.
All of last week was a bearish trading period for almost all popular cryptocurrencies on the market, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and others. The total crypto market capitalization fell over 10% in the last 7 days.