The price of Binance Coin (BNB) has fallen by 1.44% over the last 24 hours and is currently looking bearish on the hourly chart. If the local support level is broken, there may be a test of the $560 range. On a larger time frame, the rate of BNB is far from the main levels and if yesterday's low is breached, the price may continue to fall towards the $550 area. From a midterm standpoint, the situation is bearish, with the price falling after a false breakout of resistance. If buyers don't take control soon, there may be a correction towards the $520 zone. BNB is currently trading at $566.90.



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