Binance Coin (BNB) struggles to hold support after flipping it into resistance against tether (USDT) as a bullish structure hits a rock. Despite showing a great bullish structure in recent weeks, the price of Binance Coin (BNB) has had a really quiet time as the market continues in a mist of mixed feelings regarding where the crypto market is headed. (Data from Binance) Related Reading: Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price? Binance Coin (BNB) Token Price Analysis On The Weekly Chart BNB saw a decline in its price from $650 to around $200, with an over 60% drop from its all-time high despite having good fundamentals. The price of BNB bounced off after touching a weekly low of $200, and the price rallied to $330, showing some great strength. The price of BNB on the weekly chart formed an uptrend after bouncing from its weekly low with so much bullish sentiment as the price rallied to $330, where it faced a major weekly resistance to trend higher. BNB’s price failed to break above this resistance on the weekly chart as the price was rejected but continued to respect the trendline support it has built in recent weeks after creating swing highs with good buy order volume. The price of BNB is $276.1 on the weekly chart, trading a bit below the trendline support; if the price of BNB fails to hold this trendline support and the weekly price closes below this level or zone, we could see the price of...
