Binance Coin (BNB)

By FXBANkthe8055
Binance Coin (BNB) is less of a loser than ADA, falling by 2.57%.Image by TradingView

From the technical point of view, the price of BNB is in the middle of the narrow channel, gaining energy for a further move.

As none of the sides is dominating at the moment, ongoing sideways trading in the area of $510-$530 is the more likely scenario.

BNB is trading at $517 at press time.
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