BNB Plunges Towards $560 as Bearish Sentiment Spreads
Binance Coin (BNB) has been in a downward trend since it reversed from resistance at $590.00, which halted earlier waves 'a', 'b', and 'ii'. According to analysis, BNB can be expected to fall further to the next support level of $560.00.
The reversal from this resistance zone stopped minor impulse wave 'iii' and was accompanied by a widely spread bearish sentiment in the crypto markets.