Triple Top Spotted on BNB, Eyes on 18% Price Decline

Quick Summary:

The negative outlook for BNB is likely due to the formation of a bearish price action pattern on the daily chart and concerning on-chain metrics.

At press time, BNB is trading near $590 and has experienced a price decline of over 2.75% in the last 24 hours.

The evening star is a bearish reversal pattern that suggests a potential shift from an uptrend to a downtrend.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Crypto news Price Analysis Binance News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 17:46:54 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22709155

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 20 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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