The market has turned red today, and the rate of Binance Coin (BNB) has dropped by 2.19% since yesterday. On the hourly chart, the price of BNB is heading towards the local support level of $643.51. If buyers cannot take control, there might be a test of the $640 zone by tomorrow. On the daily time frame, traders should focus on the nearest level of $653.46. If it breaks out and closes near its low, the price drop is likely to continue to the $620 range soon. In the midterm, BNB is currently trading within the previous weekly candle, and sideways trading between $600 and $700 is the more probable scenario. The current trading price of BNB is $652.70.



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