BNB May Surge Back Upto 20%

Binance Coin price traded at $246.10 with a loss of 6.40% in the last 24-hour and 10.84% down in the weekly time-frame. Furthermore, BNB plunges from the resistance of $293.60. In contrast, the market capitalization stands at $38 billion. Technically, investors can perceive a negative crossover in SMA. Moreover, the price movement can be towards the support of $219.50 and may give a pullback upto the resistance of $293.60.

Resistance: $293.60
Support: $219.50