Token

Edge

Venus

<ul class="news-points"> 
 <li><strong>Crypto analyst says BNB could see a massive decline if it doesn’t reclaim $240.</strong></li> 
 <li><strong>BNB hacker loses tokens used as collateral for loan on Venus Protocol following BNB price decline.</strong></li> 
 <li><strong>He Yi says Binance will burn the BNB collateral once the account is liquidated.</strong></li> 
</ul> 
<p>With the effect of the market decline still fresh, BNB could be expecting more troubled days ahead. According to Twitter crypto analyst Ali Charts, the recent market downswing shows that several altcoins could be teetering on the edge of a bear fall.</p> 
<p>Notably, the analyst mentioned that if BNB fails to reclaim $240 as support, then the token could see a decline of 20 – 30%. BNB, which is the native token of the BNB Chain ecosystem, has seen unease these past few days due to the sudden market crash last week.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BinanceCoin</a> | The problem with the recent downswing is that it attempts to confirm a bear flag for many <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#altcoins</a>, including <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a>. <br><br>If <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNB</a> can’t reclaim $240 as support, then we could be looking at a 20% to 30% price correction. https://t.co/OLFOCb4KZ3</p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1691531984512659456?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 15, 2023</a> 
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<p>Negative sentiments in the crypto market increased last week after Bitcoin, the largest cryptocurrency, …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/analyst-says-bnb-on-edge-of-decline-token-could-fall-20-30/">Analyst Says BNB on Edge of Decline, Token Could Fall 20 – 30%</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Analyst Says BNB on Edge of Decline, Token Could Fall 20 – 30%

Coin Edition

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