According to the daily timeframe, BNB has recently formed a bear flag pattern following a breakout. This breakout is significant as it suggests a potential upcoming sell-off. Based on this analysis, it is anticipated that Binance Coin prices may experience a decline of around 15-20%, leading to a retest of the support level at $195.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.