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Cryptopolitan 2021-09-08 08:23:44

Binance Coin Price Analysis: BNB drops to $390 support, targets lower highs?

TL;DR Breakdown Binance Coin price analysis is bearish for today.BNB/USD dropped to $390 in the early morning hoursBNB is struggling to build support base at $400 Binance Coin price analysis is strongly bearish on today’s market following an 18 percent crash to the $400 support, where the exchange token is struggling to hold support. We are expecting BNB to crash below this point if the bulls are unable to overcome selling pressure at $400. The next support will be at $380 and that’s where we are anticipating BNB to retest if the bulls cannot sustain themselves.  Generally, today’s cryptocurrency market is trading bearishly with market leaders Bitcoin and Ethereum losing more than 10 percent of their value.  Binance Coin price movement in the last 24 hours: Binance Coin retests $400 as support after a downtrend yesterday According to the 24-hour Binance Coin price analysis, BNB/USD traded in a broad daily range of $390 – $425, indicating increasing volatility over the last 24 hours. Trading volume has increased by 99.71 percent and totals $4.573 billion, while the total market cap trades around $66.12 billion, ranking the coin in 5th place overall. BNB/USD 4-hour chart: BNB targets $380 next? On the 4-hour chart, we can see the Binance Coin price action eyeing downwards below the $400 psychological support and the possibility of the bears supporting a downtrend in the upcoming hours. Further upsides found rejection at $4...

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