Binance Coin (BNB) has recently faced significant price fluctuations, prompting concerns among investors about its short-term prospects. After reaching an all-time high of $720.67 in the previous month, BNB experienced a sharp decline of 10.11% between July 4th and 5th, 2024. This article delves into the factors contributing to BNB’s price decline, analyzes technical indicators, and explores the potential for recovery above the crucial $500 mark.·
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