BINANCE COIN PRICE ANALYSIS & PREDICTION (April 7) –BNB Slides to a Month Low Following 15% Daily Loss, Will $500 Hold?
Following the late March's drops that hit the entire crypto space, BNB slowly lost momentum and later dipped below $600. Bringing the bears back, it appears weak daily following a significant loss in the past hours. BNB's trading landscape has turned bearish again after signaling a buy in March. The buying was intercepted at $645 and the price closed weak. Leading to a major sell-off this month, it lost momentum and crashed to a daily low of $520. A bounce occurred and the price retraced to $567.6 on the hourly chart, although the bearish action remains active. Things are still looking ugly on the daily chart as there's no signs of halt yet. Meanwhile, the hourly bounce has brought a slight relief. If the price continues to bounce, BNB may retest previous broken key levels before sliding back. Looking at […]