BNB, the native token of the Binance Exchange, has grown to become one of the largest cryptocurrencies in the world. Its current price of $260 puts its market cap above $39 billion, making it the fourth-largest asset in the market. However, despite the notoriety that the cryptocurrency has gained during this time, one crypto analyst still expects a massive price crash, one that could shake the entire crypto market to its very core. BNB Long-Term Distribution Points To Crash In the initial analysis that was posted to the TradingView website on Tuesday, December 19, crypto analyst Alan Santana pointed out that the BNB token had been in what “can be considered a long-term distribution phase.” He identifies this distribution phase on the chart shared which looks to have begun after the altcoin hit its $670 all-time high price in 2021. Related Reading: Solana Flips BNB To Become 4th-Largest Crypto, Is Ethereum Next While this is pointed out to be bearish, the levels at which Santana believes this bearish pressure could take the price back to 2018 lows. In addition to this, the ..
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