According to CoinStats, the market recovery did not last long.
BNB/US dollar
The Binance Coin (BNB) rate has fallen by 1.67% since yesterday.
On the hourly chart, the BNB price has broken through the local support of $568.60. If the daily bar closes below it, the decline may continue tomorrow to the $560 zone.
On a larger time frame, you should pay attention to the minimum of yesterday’s bar.
If a close occurs below this level, there is a good chance we will see a test of the $540-$550 zone by the end of the week.
In the medium term, BNB has failed to consolidate above $585.30 again. If the weekly bar closes far from it, the bears may regain control, which could lead to a fall to $550.
At the time of publication, BNB is trading at $567.30.
