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The market<\/a> is slightly coming back to red; however, there are some exceptions to the rule.<\/p>\n The rate of Binance Coin (BNB) has declined by 1.32% over the last 24 hours.<\/p>\n On the hourly chart, the price of BNB has set a local support level of $209. Even though bears are more powerful than bulls, there are low chances of seeing a further drop as most of the daily ATR has passed.<\/p>\n In this regard, sideways trading in the area of $210-$213 is the more likely scenario until tomorrow.<\/p>\n Today’s fall has not affected the overall technical picture of BNB on the daily time frame. The rate keeps trading sideways, gaining energy for a further sharp move. Buyers may start thinking about a possible reversal only if the price gets back to the $220 mark and fixes above it.<\/p>\n A similar situation can be seen on the weekly chart. Here one should focus on the bar closure. If it happens far from the resistance, a narrow consolidation is likely to continue next week.<\/p>\n BNB is trading at $212.5 at press time.<\/p>\n<\/div>\n About the author<\/p>\n![](\"https:\/\/u.today\/sites\/default\/files\/inline-images\/top10_717.png\")
BNB\/USD<\/h2>\n
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