How long can the sideways trading of BNB last? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch BinanceAngels
From the technical point of view, the price of BNB is still trading sideways as the rate is in the middle of the wide channel between the support at $220 and the resistance at $260.7.
A similar picture is on the weekly time frame as the rate is far from the support and the resistance. The falling volume confirms that the rate of BNB is not ready for a sharp move yet. In this case, sideways trading in the range of $240-$250 is the more likely scenario until mid-August.
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