Coin

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The cryptocurrency market keeps going down, according to <a href="https://u.today/shib-price-prediction-for-june-11" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="724e5306-93c8-4e18-8964-f8419063a397" src="https://u.today/sites/default/files/inline-images/top10_1174.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 0.26% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="7a447bc4-f741-47e4-adc7-c11fca68b6a2" src="https://u.today/sites/default/files/inline-images/bnb1_82.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BNB has broken the local resistance level of $611.6. If buyers can hold the initiative until the end of the day, a bounce back may continue to the $620-$630 zone. <img data-entity-type="file" data-entity-uuid="3ae18bb9-8788-4c4b-a9b4-858b459334cd" src="https://u.today/sites/default/files/inline-images/bnb2_77.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price of BNB has made a false breakout of yesterday's low. However, it is too early to think about a trend reversal as not enough energy has been accumulated yet.&nbsp;
In this case, sideways trading in the area of $600-$630 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="26d50787-cc5e-4091-a76a-5c416e0a33e3" src="https://u.today/sites/default/files/inline-images/bnb3_82.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BNBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of BNB is far from key levels. At the moment, one should pay attention to the $600 mark. If it breaks out, the correction may lead to the test of the $550 range.
BNB is trading at $612 at press time.

Binance Coin (BNB) Price Prediction for June 12

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