Binance Coin (BNB) Price Prediction 2023-2025: Will BNB Cross $600 Soon?

Binance Coin (BNB) has experienced a notable downturn of late, mirroring the broader market's decline, with its price falling for six consecutive days.

Binance Coin (BNB) price fell for the sixth day in a row on 21 June, as the token’s price continued to experience a notable downturn of late, mirroring the broader market’s decline.

BNB/USD fell to a low of $263.05 during today’s session, which is the lowest point the token has hit since 14 June.

From a high of $354.39 on Monday, BNB is now down over 26%, and is trading close to a key support level.

As seen on the chart, price strength has hit oversold territory, and should now begin to rebound, which could lead to BNB heading towards a resistance point.

This level is at $275, and was last hit on 17 June, and could act as a point of contention for bulls, should the token begin to rally.

BNB price six-day downturn marks beginning of sustained decline

Today’s downturn marks the sixth day in a row that BNB has declined in value, and is the beginning of a sustained period of decline.

Over the past six days, BNB is down a total of 26.3%, which is the worst six-day stretch the token has had since April.

Following Monday’s high, BNB fell to a low of $323.08 on Tuesday, before recovering to $336.02 the next day.

However, this recovery was short-lived, as BNB fell to $310.16 on Thursday, and hit a low of $270.06 on Friday.

The token recovered slightly over the weekend, but this was quickly reversed, leading to today’s multi-week low.

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