As of late September 2024, *Binance Coin (BNB)* is trading around $572, with a recent decline of approximately 4% over the last 24 hours.
The coin is experiencing resistance near $580 and has shown a bearish trend over the past week.
Technical indicators show that BNB has been struggling with downward pressure, reflected in its simple and exponential moving averages (SMA and EMA).
For example, the 50-day SMA is at $576, indicating a potential downturn as BNB has failed to maintain its position above this leve
