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BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally

BNB price is correcting gains from the $708 zone. The price is now facing hurdles near $692 and might dip again toward the $675 support.

BNB price is attempting to recover from the $675 support zone.
The price is now trading below $690 and the 100-hourly simple moving average.

There is a key bearish trend line forming with resistance at $692 on the hourly chart of the BNB/USD pair (data source from Binance).

BNB Price Faces Hurdles
After a steady increase, BNB price failed to clear the $710 zone. There was a downside correction below the $690 and $680 levels, unlike Ethereum and Bitcoin.

The price even dipped below $678 and tested $675. A low was formed at $674 and the price is now attempting to recover. There was a move above $680. The price climbed above the 50% Fib retracement level of the downward move from the $707 swing high to the $674 low.