$BNB ’s market cap is currently around $83.38B down on the day after failing to hold a recent high.

The chart now shows a clear downtrend with price forming lower highs and lower lows. Attempts to move up have been rejected near the same resistance zone.

Support sits just below the current level. If that area breaks it could lead to a quicker move downward.

Overall short term momentum appears to be on the sellers’ side.

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