Binance Coin (BNB) Struggles to Sustain Higher Prices After Breakout

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In Brief
  • Binance Coin has possibly created a double-top pattern.

  • There is support and resistance at $21.50 and $26.50, respectively.

  • BNB might soon begin the C wave of an A-B-C correction.

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Binance Coin (BNB) has broken out from an important resistance level and validated it as support afterward. Some technical indicators, however, suggest that a bearish reversal could transpire soon. BNB Makes a Double-Top The BNB price has been gradually increasing since March 13. The rally stalled near the end of July when the price reached the $21.50 area and was rejected. On Aug

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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