Despite the crypto industry experiencing massive volatility in its valuation, the BNB coin price continues to display neutral trend, highlighting a decline in the investors interest toward it.
The BNB coin price traded in a closed range between $238 and $255 for a brief period, following which the market gained momentum and the price broke out of the range.
However, the rally was short-lived as the price faced rejection at $272, after which it traded sideways for about a week. After multiple attempts, the bulls regained power and jumped 25% in valuation.
The Binance coin price then faced rejection at $340, following which the price lost momentum and traded in a closed range between $310 and $329 for a period.
After multiple attempts, the market lost momentum, resulting in the price recording a correction of approximately 6%.
Since then, the price has been trading in a closed range between $290 and $310, indicating a…
