Binance Coin Drops to Previous Range-Bound Zone, Unable to Sustain Above $700 High

For the past week, Binance Coin has been consolidating above the $600 support for a possible upward move. At some time the bulls were retesting the $700 high to resume upside momentum. If buyers are successful above $700 resistance, the market will rise to $800 high. Yesterday, BNB faced rejection from the $700 resistance, signaling the resumption of the downtrend.