Faced with various problems, Binance began to create danger with the price structure of BNB.
Binance, which has shaken the market with recent personnel separations, has created an atmosphere of panic not only in the stock market but also on a sector basis. The cryptocurrency exchange, which came to the fore with various problems such as regulatory pressure, technical problems and the resignation of senior officials, also came to the fore with the BNB price. The stock market token, which continues to be traded in the range of 218 – 203 dollars, may fall to double digits if it breaks this area below.
A drop to $75 wouldn’t be surprising!
The weekly time frame can provide good data to examine the price structure of BNB in the overall picture. The token of the stock exchange, which used the range of 203 – 218 dollars as an effective support zone in the previous processes, has lost this power today.
BNB, which has been hovering around the red painted area since mid-June, touched $203 twice. The lack of adequate response from these contacts brought to mind a possible crisis in BNB.
Considering that Binance has been struggling with different problems for a while, a sharp selling pressure may be seen with the downward break of $ 203. Additionally, due to the large price gap in the technical structure, there is a possibility of a drop even to $75.6. The support levels that can be followed for BNB are 185.2 – 147.4 – 118.5 and 75.6 dollars respectively.
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