Binance Coin (BNB) has seen a sharp decline in price, trading to lows of $204 after breaking below the key levels of $210 and $208. This comes amid strong headwinds around Binance, with regulatory issues and payment partner issues adding to the downside pressure. If bulls give up the $200 zone, BNB could drop to lows of $180 and lower.On the weekly chart, the RSI and MACD indicators suggest bearish strength, as does the exponential moving average and funding rate. The path of least resistance appears to be downward and key to this is the $200 level. If this is broken, bears could have easy targets towards the $180 area. However, reclaiming $210 could pull bulls back to the $220-$250 region.
| Information |
Details |
| Geography |
Europe |
| Countries |
|
| Sentiment |
negative |
| Relevance Score |
9 |
| People |
None |
| Currencies |
BNB, Bitcoin, Ethereum, USD, EUR |
| Securities |
None |
