CandleFocus Triple Top Spotted on BNB, Eyes on 18% Price Decline
2024-09-25
Author: Content Editor
The news content discusses the bearish outlook for Binance Coin (BNB) in the coming days. Technical analysis shows that BNB has formed a bearish triple-top pattern and a bearish evening star candlestick pattern, indicating a potential price decline. Based on historical momentum, BNB could decline by 18% to reach $480 if it remains below $620. On-chain metrics also support the negative outlook, with a low Long/Short ratio and declining open interest. The current price of BNB is around $590, with a decline of over 2.75% in the last 24 hours.
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