Binance Coin Price Analysis — September 2

Binance Coin (BNB) is on a steady bearish correction despite positive sentiment in the broader market on Friday. The cryptocurrency is trading within a downward-facing (bearish) channel as bulls struggle to hold on to the $280 mark, which looks like the last defense before $230.

The saving grace for BNB would be a return above the $300 - $320 resistance region, which would neutralize the bearish bias.

Meanwhile, my resistance levels are $300, $320, and $340, and my support levels are $260, $230, and $215.

Total Market Capitalization: $994 billion

Binance Coin Market Capitalization: $45.1 billion

Binance Coin Dominance: 4.54%

Market Rank: #5