Binance Coin Slumps as Bulls Fail to Sustain Recent Rallies above $430

[Rockalo]

Binance Coin (BNB) is retracing after retesting the $380 high. Today, crypto has fallen to the low at $367. The current downtrend may persist except buyers sustain a bullish momentum that will break the resistance at $430.

The $430 price level was attained after Binance Coin recovered from the bearish trend. Since June 3, the crypto has been in a downward move. BNB price is making a series of lower highs and lower lows. The recent rejection was a lower high of $380. BNB/USD is likely to resume a downward move. Besides, if the bears break below the 21-day SMA, the altcoin will fall into the bearish trend zone. More information: please click here

[KryptoBull]

430 USD? What do you think if I say that BNB will soon recover to 700 USD and then reach 1200-1500 USD? The market is starting to enter a recovery phase and BNB will lead the up-trend. Don't panic and mind the low prices of BNB, BNB will soon conquer 1000 USD in this bullrun.

[enwi]

430 USD? What do you think if I say that BNB will soon recover to 700 USD and then reach 1200-1500 USD? The market is starting to enter a recovery phase and BNB will lead the up-trend. Don't panic and mind the low prices of BNB, BNB will soon conquer 1000 USD in this bullrun.

BNB will probably reach a price of $1000 when the Burn occurs every year. BNB currently still has quite a lot of supply, making it difficult for them to increase the price of BNB, because in my opinion it will be risky when the Binance exchange continuously manipulates prices.