BNB Price Prediction: Is the Downtrend Just Getting Started?

Jun 12, 2023 06:00 am Cryptocurrency 88
BNB Price Prediction: Is the Downtrend Just Getting Started?

BNB price (Binance coin) is down over 25% and trading below $250 against the US Dollar. The price could drop further toward the $200 support.


  • Binance coin price is moving lower below the $250 support against the US Dollar.

  • The price is now trading below $250 and the 100-day simple moving average.

  • There is a key bearish trend line forming with resistance near $280 on the daily chart of the BNB/USD pair (data source from Binance).

  • The pair could accelerate further lower if it breaks the $220 support zone.

    • BNB Price Continues To Bleed


    In the past few days, BNB price saw a major decline from well above $280 against the US Dollar. The recent SEC lawsuit against Binance is not helping BNB. It is also putting bearish pressure on Bitcoin and Ethereum.


    The last major high ..

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