Binance Coin Faces Break Down to $243.13 as Bears Take Over
- price analysis is been bearish recently.
- Resistance for is found at $246.60.
- BNB/USD has support at $243.13.
Binance Coin (BNB) price analysis shows that its price is bearish today. Binance Coin has primarily traded in the red over the past week, and its price has been steadily falling. The BNB price failed to maintain its upward trend and fell to $245.87 yesterday. before rising to $244.13, at the time of writing. The price has dropped by more than 0.33%. BNB may move lower over the next 24 hours to test support at $243.14, if a bearish momentum persists and the price is unable to rise above the 9- and 21-day moving averages.
The one-day BNB price analysis reveals that the market is currently in a negative trend as a decrease in coin value is seen. At the beginning of the week, the price had a comeback, but now the downward trend is becoming more pronounced. The short-term trend line is currently once again declining. At the time of writing, the BNB/USD exchange rate is down 0.33 percent, hovering at $243.13. Currently, the price is below its moving average.
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