Binance Coin (BNB) has come under intense bearish pressure as the cryptocurrency nears the $400 critical support amid a pronounced bearish tone in the broader market.
After defending the $420 support for over two days, BNB bulls threw in the towel at the opening of Asian markets on Sunday, which flooded the market with fresh bears. The fourth-largest cryptocurrency currently trades around the $402 level, its lowest point in three weeks, as bears aim for lower.
That said, the $400 support line will play a crucial role for BNB bulls, as it is the last defense before the $370 region.
Meanwhile, my resistance levels are $410, $420, and $436, and my support levels are $400, $380, and $370.
Total Market Capitalization: $1.89 trillion
Binance Coin Market Capitalization: $66.8 billion
Binance Coin Dominance: 3.5%
Market Rank: #4
After defending the $420 support for over two days, BNB bulls threw in the towel at the opening of Asian markets on Sunday, which flooded the market with fresh bears. The fourth-largest cryptocurrency currently trades around the $402 level, its lowest point in three weeks, as bears aim for lower.
That said, the $400 support line will play a crucial role for BNB bulls, as it is the last defense before the $370 region.
Meanwhile, my resistance levels are $410, $420, and $436, and my support levels are $400, $380, and $370.
Total Market Capitalization: $1.89 trillion
Binance Coin Market Capitalization: $66.8 billion
Binance Coin Dominance: 3.5%
Market Rank: #4
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.