BNB, which instantly came to $220 with the SEC’s lawsuit against Binance, approached this price range again with its short-term decline.
With the SEC suing Binance, BNB, which tested $220, again approached this region and created a danger. With the rapid increase in BTC, BNB, which pinned to $ 258, lost value in the last two days and came to $ 232.2. If it loses 6 percent from its current price, it will come back to $220. Despite the SEC lawsuit, BNB, which managed to maintain this point as support, may face serious selling pressure in a possible downside break.
$220 Final Destination for BNB!
With the SEC suing Binance, BNB, which instantly shot $220, is again approaching this price range. BNB, which has not been in this price range since the end of 2022, will continue to give danger signals unless it can start its uptrend. The levels that can be followed as resistance in BNB’s upward pricing are $242 – $257 – 281 – 301 and $319, respectively.
Downside pricing of the market or negative news based on Binance can directly add negative to the BNB price. In this case, the support zones that can be followed for BNB are at $231.5 and $220. BNB, which tested $220 after the SEC lawsuit, has determined this as the bottom zone for now. Failure to hold $220 could increase the selling tide in BNB.
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