BNB topped out at $39.59 about 13 days ago and has experienced a long pullback since then, currently trading at $33.34. It's important to note that this is not the first time BNB has been in a daily downtrend, in May of this year a similar downtrend was in place and BNB recovered quite easily. There are some key differences, though. This downtrend is a bit more pronounced and the volume is also starting to fade away which could indicate a lack of interest in BNB. Considering how well the whole crypto market is doing, a lot of the other coins now look like interesting investment propositions too and people might be switching from BNB to others. A key level for BNB is the $28.7 support level in the weekly chart, breaking this level would mean a loss of the weekly uptrend and could cause a big pullback.
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