The price of Binance Coin (BNB) is currently being controlled by sellers, leading to a 3.11% decrease in the last 24 hours. On the hourly chart, BNB experienced a false breakout of the support at $633.28, and with most of the average true range (ATR) already passed, significant price movements are unlikely by the end of the day. On a larger time frame, BNB continues to decline after a bearish closure yesterday. If the situation remains unchanged, a correction towards the $600-$620 range is expected. Looking ahead, if the weekly candle closes below the previous bar's low of $630, there may be further downward movement towards the crucial zone of $600. At the time of writing, BNB is trading at $637.



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