Here’s what ‘happy’ BNB sellers mean for the market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

BNB sellers grab gains, inflict bearish breakout

A weak BTC means that sellers could continue to overrule BNB’s market, unless BTC changes course during the week.Since mid-April, BNB has been in a downtrend momentum on the lower timeframe charts, specifically the 4-hour chart. The second half of May set BNB into an extended price consolidation within $315.5 – $303.

With the higher timeframes also firmly bearish, sellers could continue to control BNB. Southwards, the $294 and $286 levels are worth watching if the $300 psychological and support level cracks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines