According to a price analysis by Coinidol.com, Binance Coin (BNB) is currently trading below the moving average lines after experiencing a dip on January 19. The cryptocurrency has been fluctuating between the price range of $635 and $745, with the current support level being at $635. BNB has recently risen to the moving average lines but is facing rejection, causing it to trade sideways in the downtrend zone. The presence of a long candlestick tail below the $635 support indicates significant buying pressure. The 4-hour chart shows BNB trading between the support level and the moving average lines, with the cryptocurrency needing to break above the $700 level or the moving average lines for the uptrend to resume.



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