TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

The price of Binance Coin (BNB) has struggled to break above $337 against Tether (USDT) after being rejected from that region. Binance Coin price in the past few weeks outperformed the price of Bitcoin (BTC) but has not been able to match the strength it has shown earlier to break above this resistance and trend higher. Related Reading: Axie Infinity Drops 4.7% In Last 24 Hours As AXS Struggles In The Red Zone Binance Coin (BNB) Price Analysis On The Weekly Chart From the chart, the price of BNB saw a weekly low of $209, which bounced from that area and rallied to a price of $337 after showing great recovery signs in recent weeks. BNB’s weekly candle closed with a bullish sentiment with the new week’s candle looking bearish for the price of BNB as it continued to decline in price to a region of $303 after facing rejection from the $337 mark. The price has struggled to build more momentum as it tries to hold key support. If the price of BNB on the weekly chart continues with this structure, it could quickly revisit $290 acting as a support for the price of BNB. Weekly resistance for the price of BNB – $337. Weekly support for the price of BNB – $290. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB found strong support at $280 above a trendline after successfully forming a bullish structure, the support at $280 seems to be an area of interest on the daily chart. BNB bounced from its support and r...