Binance Coin (BNB) has consistently stayed above the $600 mark since November 8, despite facing challenges in reaching its all-time high of $724. Currently trading around $620, the cryptocurrency is showing signs of stagnation.
There is a noticeable decline in volatility, indicating market hesitation. Reduced trading interest around BNB is contributing to this momentum crisis, impacting its price movement.
The current weak price action reflects the broader trends of uncertainty within the market. As a result, BNB is struggling to mount a convincing challenge toward surpassing previous records.
