The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bnb-price-analysis-will-bnb-prices-overcome-regulatory-pressure-to-reach-250/">BNB Price Analysis: Will BNB Prices Overcome Regulatory Pressure To Reach $250?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the US Department of Justice officials considering a fraud charge against Binance, the BNB coin price took a massive hit last week. A remarkable selling spree fueled by FUD, crashed BNB price by 3.63% within a couple of days.&nbsp; 
Following the sell-off, the <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BNB coin price</a> action finds footing at the rising support trendline of the bullish channel.&nbsp; 
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Currently, the Binance coin price struggled to lift off from the support trendline due to extensive overhead selling pressure. Nonetheless, the BNB price manages a short recovery of 1.50% over the last few days.&nbsp; 
Moreover, the recovery rally forms an ascending triangle pattern with the overhead resistance at $245. On a side note, the psychological mark of $250 is a crucial supply spot.&nbsp; 
With the trading volume levels cooling off to previous normal levels, the social sentiments seem to improve with a breather phase.&nbsp; 
Coming to the indicators, the Stochastic RSI indicator shows a positive trend following a bullish crossover. Moreover, the recent recovery improves the MACD and Signal lines leading to a bullish crossover.&nbsp; 
Optimistically, if the bullish recovery is successful, the BNB prices can reach the height of $257 before challenging the next supply spot at $270.&nbsp; 
On the flip side, in case of a price drop below the support trendline, the BNB coin price can fall to $222.

BNB Price Analysis: Will BNB Prices Overcome Regulatory Pressure To Reach $250?

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