BNB price struggles as $270 support fail to hold, with many buyers wishing for $200 BNB. BNB price breaks below 50 and 200-day Exponential Moving Average; this invalidates the bullish price of BNB. The price of BNB could restest $200 if the price maintains a bearish structure. Many The price of Binance Coin (BNB) has struggled recently to reclaim its bullish strength against tether (USDT) but was unable to as the price hit a new fresh rock. The crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggested an increase in inflation affecting the price of BTC negatively with Binance Coin (BNB) not left out of the equation. (Data from Binance) Related Reading: Shiba Inu Adds Another Zero, Is It Time To Jump Ship? State Of The Market After showing relief bounces and the crypto market cap looking ready to rally to a high with the hopes of altcoins joining the party, this was cut short as many altcoins experienced a price decline, with many losing key support and more risk of falling as the price of Bitcoin Dominance (BTC.D) continues to rise. Binance Coin (BNB) Price Analysis On The Weekly Chart. The first week of October saw many altcoins showing so much strength as the rally, with others producing double-digit gains coupled with the fact that BTC.D was down at that moment, and as such, there was not much Bitcoin effect during price retracement. The...
