The market has entered a correction phase, with Cardano's price dropping by 6.84% in the last day. Binance Coin (BNB) is currently trading within a narrow channel, with a support level at $607.12 and resistance at $625.22. If the price continues to rise, there may be a breakout and move to the $630-$640 range. On the daily chart, BNB has once again bounced off the $610 support, indicating a potential growth towards the middle of the channel by the end of the week. In the midterm, BNB is far from support and resistance levels, suggesting a consolidation between $610-$650 is likely. At the time of writing, BNB is trading at $618.20.



Other News from Today