As was somewhat to be expected on this Tuesday morning, there would be some minor bearish pressure affecting cryptocurrency markets. Although no real damage has been done so far, the Binance Coin price simply isn’t capable of stopping the bleeding right now. After subsequent declines, the BNB value now sits barely above $17.5, although that may not necessarily remain a support level for very long.

Binance Coin Price Continues to Head South

After what appeared to be a very strong bull run, things have turned around where Binance Coin is concerned. More specifically, there have been major declines in recent days, and it seems the bearish pressure will not necessarily relent in the near future either. This is in line with some other markets, although a lot of holders and traders are not too happy with the way things are going. Following the steep uptrend, the current downfall is equally steep, by the look of things.

Over the past 24 hours, the Binance Coin price has lost another 6% to bring its USD value to $17.61. There is…

Click to continue reading on its source location…

Source: https://themerkle.com/binance-coin-price-continues-downtrend-as-drop-to-16-seems-plausible/