BNB Regains its Upward Track But Recent Indicators Caution Traders
CoinEdition
Published Dec 27, 2022 06:10AM ET
Updated Dec 27, 2022 06:30AM ET
BNB Regains its Upward Track But Recent Indicators Caution Traders
- Analysis suggests that the recent decline in BNB might continue.
- The intraday peak of $245.08 for BNB is met with strong opposition.
- Bulls in BNB need to keep battling until they have snuffed out the bears and established a new trend.
The BNB price has fluctuated between $242.22 and $245.08 during the last day, with the bears having a significant presence in the market. However, as of press time, this negative momentum was nullified and bulls seized market control, driving prices to $243.51, a 0.02% rise.
This improvement is reflected in a 0.03% increase to $38,931,044,132 in market capitalization; but, a 9.74% decline in 24-hour trading volume to $284,035,090 suggests the present trend is unlikely to continue and a reversal may be near.
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