The post Why Binance (BNB) Is Down Today? appeared first on Coinpedia Fintech News
After recording a strong bullish price action this week, the BNB coin price has experienced a strong bearish pullback overnight. This has resulted in the Binance price losing its 05th position to the Solana price. Moreover, with a market cap of $94.93 billion, it dominates at 2.9518%.
Considering the present market sentiments, will the Binance coin price regain momentum and dominate the altcoin season this year? In this article, we have uncovered the market sentiments and possible short-term BNB coin price analysis.
Binance Price Records A Strong Bearish Reversal Overnight!
Despite recording a jump of 13.82% over the past seven days, the BNB price has dropped 8.82% overnight. Furthermore, it has plunged 4.41% in the last 30 days and has a YTD return of 4.95%. With a market cap of $94.93 billion, it has secured the 06th position in the market.
TradingView: BNB/USDT
The Moving Average Converge
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