Will Binance Coin (BNB) Price Plummet to $610? 🤯

As the great philosopher, my friend, once said, “A correction is coming, and it’s not just for the tea.” 🍵

BNB/USD

The price of Binance Coin (BNB) has declined by 0.37% since yesterday. Ah, the joys of being a crypto investor! 😩

On the hourly chart, the rate of BNB is hovering near the support of $620.28. If nothing changes by the end of the day, one can expect a level breakout, followed by a drop to the $610 area. Because, you know, that’s exactly what we all want – a thrilling rollercoaster ride of emotions! 🎢

On the bigger time frame, the price of the native exchange coin has once again bounced off the resistance of $635. If the daily bar closes far from that mark, traders may witness a further correction to the vital $600 zone. Because, why not? 🤷‍♂️

A less clear picture could an be seen on the weekly chart. The rate of BNB is far from the main levels. 

Thus, the volume keeps going down, which means there are low chances of seeing sharp moves soon. Or, as I like to call it, “the thrill of watching paint dry.” 🎨

BNB is trading at $625.65 at press time. Because, of course, it is. 🙄

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2025-03-18 18:55