With the current bearish going on in the world on crypto, is it possible for the BNB to dip below $200?
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With the current bearish going on in the world on crypto, is it possible for the BNB to dip below $200?
The chances of the Binance Coin dropping below $100 is extremely low, this is because Binance is always marketing its products and services. Not to mention the coin is now fully accessible in India, and that will greatly affect the price of the Binance coin. Binance is constantly attempting to maintain its community and the trust of millions of users. It still remains in the top 5 rankings based on market cap, and it remains the most used and trusted cryptocurrency exchange in the world.
Based on technical analysis on Binance Coin, the price of BNB could decline even harder. The price could go below $200 in the coming days. This would be the first time BNB would be the first time BNB would go beneath that level in more than six months. Nonetheless, there are some indications that BNB could still remain above $400 and even attempt to break resistance, other things equal.