The market continues to decline today, according to CoinMarketCap.
BNB/USD
The Binance Coin (BNB) rate has fallen by 7.79% in the last 24 hours.
According to the hourly chart, BNB price falls after breaking the local support of $672.70. If the seller pressure continues and the daily bar closes away from that mark, a test of the $650 zone can be expected soon.
Longer term, there are no signs of reversal yet.
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If the daily candle closes around or below the current prices, the decline may lead to a test of the $600 area in the coming days.
A similar picture can be seen on the weekly chart. As the bears continue to control the situation in the market, traders may witness a further decline to the $600 range in mid-January.
BNB is trading at $665.55 at the time of this publication.
