Coin

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
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Neither bulls nor bears have seized the initiative on the <a href="https://u.today/xrp-price-analysis-for-august-10" rel="noopener noreferrer nofollow">cryptocurrency market</a> yet. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="7f04479b-1a1d-4b02-a304-cd0f5a29db4b" src="https://u.today/sites/default/files/inline-images/top10_592.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="bnb-usd">BNB/USD</h2> 
The price of Binance Coin (BNB) has declined by 0.60% since yesterday. 
<img alt="BNB/USD chart by TradingView" data-entity-type="file" data-entity-uuid="72f216a4-f7be-4ada-a231-3283acaa5fb5" src="https://u.today/sites/default/files/inline-images/bnb1_40.png"> 
Image by <a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
The rate of Binance Coin (BNB) is also looking bearish on the hourly time frame. If the price remains below the $239.7 mark, there is a high possibility of seeing a test of the $235 mark soon. Such a scenario is relevant until the end of tomorrow. 
<img alt="BNB/USD chart by TradingView" data-entity-type="file" data-entity-uuid="c9e42927-699b-4c09-9480-79c640eb5ab3" src="https://u.today/sites/default/files/inline-images/bnb2_39.png"> 
Image by <a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
The situation is also bearish on the bigger chart, as the rate has failed to fix above the $240 zone. If buyers cannot seize the initiative shortly, the drop may continue to the next support area of <a href="https://u.today/binance-coin-bnb-price-analysis-for-august-9" rel="noopener noreferrer nofollow">$230-$235</a>. 
<img alt="BNB/USD chart by TradingView" data-entity-type="file" data-entity-uuid="db34403c-1574-45ee-8a7b-bff8ecea81e9" src="https://u.today/sites/default/files/inline-images/bnb3_38.png"> 
Image by <a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, traders should focus on the zone around $235. If the bar closes near that mark, the decline may lead to a further downward move to $220. Such a scenario is relevant until the end of the month. 
BNB is trading at $239 at press time.

Binance Coin (BNB) Price Analysis for August 11

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