Examining how long BNB will hold on to $505-level

BNB was rangebound, for now.

A move beneath the range was favored, but a breakdown was not yet confirmed.

Binance Coin [BNB] traded within a range since the 19th of March. This range extended from $505 to $630, and BNB was on its way to retest the lows once more.

Over the past week, the exchange token has not shed as much value as most of the other large caps. While this was encouraging for investors, there was more to it than just relative strength.

The combination of buy walls and range lows