Coin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bulls are not going to give up so easily, according to <a href="https://u.today/shib-price-analysis-for-december-5" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="c91cc1df-fbdc-43ed-8fa4-0e0494cef1c0" src="https://u.today/sites/default/files/inline-images/top10_816.png">BNBchart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="bnb-usd">BNB/USD</h2>
Binance Coin (BNB) has not joined the list of rising coins, falling by 0.22%. <img data-entity-type="file" data-entity-uuid="ac65a7bb-a02a-47a5-bf8c-7b745dea885b" src="https://u.today/sites/default/files/inline-images/bnb1_63.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BNB is trading near the local support after a false breakout of the resistance level of $234.3. If the candle closes near current prices, the drop may continue to $227 tomorrow. <img data-entity-type="file" data-entity-uuid="0c1d2f9e-1109-4438-822c-f6c6c1924fcf" src="https://u.today/sites/default/files/inline-images/bnb2_62.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price of BNB keeps trading in the middle of the channel, between the support of $224 and the resistance of $238.5.&nbsp;
As none of the sides has seized the initiative yet, ongoing sideways trading around $230 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="5333bee2-16db-40bd-9662-68f2ea2839c3" src="https://u.today/sites/default/files/inline-images/bnb3_62.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, BNB is rather more bearish than bullish as the rate is near the support of $224. If its breakout happens, there is a chance to see a sharp decline to the $210-$220 zone.
BNB is trading at $229.6 at press time.

Binance Coin (BNB) Price Analysis for December 6

Table of Contents

U_Today

Other articles published on Dec 6, 2023

Investors Turn to AI Amidst Challenging Startup Funding Landscape

Google CEO Teases Capabilities of Gemini, its Ultimate ChatGPT Killer

DODO Decentralized Exchange Improves Trading with Dynamic Slippage Feature

BRC-20 Tokens Exceed $110M 24hr Trading Volume on Gate.io

NEAR Coin Shows Signs of Revival

Does XRP’s Monthly Token Release Hinder Its Potential To Pump?

Join our free newsletter for daily crypto updates!