Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has been trading within a narrow range since its price decline began on June 10. The altcoin's price has been consolidating within a horizontal channel, indicating a balance between buying and selling pressures. This channel has formed resistance at $635 and support at $591, with the bears dominating the market.

The Directional Movement Index (DMI) confirms the bearish bias, with the negative directional index (red) at 26.99 surpassing the positive index (green) at 16.30. This indicates that the sellers have more control over the market than the buyers. The Aroon Down Line, with a value of 85.71%, also signals a strong downtrend and a recent price low.

BNB's momentum indicators, including the Relative Strength Index (RSI) and Money Flow Index (MFI), are bearish, signaling traders' preference for selling their coin holdings. The RSI and MFI values of 45.75 and 26.58, respectively, indicate a decline in demand for the altcoin.

The price consolidation within the horizontal channel suggests that the market is uncertain about the direction of the next move. The bears are trying to push the price lower, while the bulls are attempting to hold the support level. A breakout or breakdown from this channel will likely determine the next price trend.

If the bulls can push the price above the resistance level of $635, a new uptrend may emerge. This could lead to a retest of the recent high of $720.67, reached on June 6. However, if the bears succeed in breaking down the support level of $591, a further price decline is possible. The next support level is at $552, which could become a target for the bears.

The current market sentiment and technical indicators suggest that the bears are in control, but a reversal is always possible. The bulls may be waiting for a dip to buy into the market, which could lead to a price increase. However, the bears may continue to dominate the market, pushing the price lower.

In conclusion, Binance Coin (BNB) is currently trapped in a horizontal channel, with the bears in control. The price consolidation suggests uncertainty in the market, and a breakout or breakdown from this channel will likely determine the next price trend. The bulls and bears are battling for control, and only time will tell which side will emerge victorious.