Can Binance Coin Continued the growth Started in Spring?
The technical picture of Binance Coin (BNB) is not so positive as of previous cryptocurrencies. The rate of the native exchange token has lost 6% over the previous week.
On the daily chart, the rate of Binance Coin (BNB) has been rising, however, it is not accompanied by the increasing trading volume. Moreover, the volume has started to decline recently which is not good for the continued trend. Also, there are long bearish candles with almost no wicks suggesting that the bull run since March 2020 is about to end soon. The support at $16 is the first stop of bears.
On the daily chart, the rate of Binance Coin (BNB) has been rising, however, it is not accompanied by the increasing trading volume. Moreover, the volume has started to decline recently which is not good for the continued trend. Also, there are long bearish candles with almost no wicks suggesting that the bull run since March 2020 is about to end soon. The support at $16 is the first stop of bears.