Coin

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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

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