Binance Coin Consolidates Between $30 and $31.50, Uptrend Doubtful

[Cinno3]

Since October 22, the Binance Coin uptrend has been interrupted at the high of $31.20. In retrospect, On September 14, BNB had already faced rejection when it attained its peak price of $32.00.

In the meantime, the coin will fall either to $30.60 or $30.20 whenever it retests the current resistance at $31.50.However, in the last 48 hours, the coin has been consolidating in a tight range between $30.40 and $31.50. The market is now in a choppy price action. The support and resistance are not easily determinable. Meanwhile, if the price breaks the resistance at $30.80, the upward move will resume. Otherwise, the sideways move will persist.
More: https://coinidol.com/binance-coin-consolidates/