The Last 48 Hours Have Seen BNB’s Price Drop Significantly
- BNB has experienced a high amount of volatility over the last 48 hours.
- The altcoin’s price was able to break above $335 and $340 to set a high of $352.
- Since setting the $352 high, BNB’s price has dropped to trade at $326.3.
The last few days have been eventful for Binance Coin (BNB). During this time period, BNB’s price benefited from the recent cash injection the crypto market received which also saw the prices of Bitcoin (BTC) and Ethereum (ETH) rise. Bulls were also able to give BNB’s price the support needed to break through the $320, $335 and $340 levels.
However, bears stepped in at around $350 to challenge BNB bulls over the last 48 hours. Bears were able to make their presence felt and stopped BNB’s bullish momentum in its tracks, resulting in BNB’s price establishing a high at around $352.
The 4-hour chart shows that BNB’s price entered into a steep decline shortly after establishing its latest high, which continued over the past 48 hours. BNB’s price dropped back below the $340 level in this retracement on Monday afternoon, where it consolidated until the early hours of Tuesday m…
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The Last 48 Hours Have Seen BNB’s Price Drop Significantly
- BNB has experienced a high amount of volatility over the last 48 hours.
- The altcoin’s price was able to break above $335 and $340 to set a high of $352.
- Since setting the $352 high, BNB’s price has dropped to trade at $326.3.
The last few days have been eventful for Binance Coin (BNB). During this time period, BNB’s price benefited from the recent cash injection the crypto market received which also saw the prices of Bitcoin (BTC) and Ethereum (ETH) rise. Bulls were also able to give BNB’s price the support needed to break through the $320, $335 and $340 levels.
However, bears stepped in at around $350 to challenge BNB bulls over the last 48 hours. Bears were able to make their presence felt and stopped BNB’s bullish momentum in its tracks, resulting in BNB’s price establishing a high at around $352.
The 4-hour chart shows that BNB’s price entered into a steep decline shortly after establishing its latest high, which continued over the past 48 hours. BNB’s price dropped back below the $340 level in this retracement on Monday afternoon, where it consolidated until the early hours of Tuesday m…
The post The Last 48 Hours Have Seen BNB’s Price Drop Significantly appeared first on Coin Edition.
Read More