As anticipated last week, Binance Coin retraced its movement to the resistance zone between $229 and $234. Currently, it's heading back down towards its support level at around $207. There's now a higher likelihood of the price reaching the $200 mark. In the near future, we might encounter resistance around the $216 mark, possibly leading to a negative response. On the flip side, the support at $207 could trigger a positive reaction initially, but there's a chance it might be breached, extending the downward trend towards the $200 range.
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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.