The current situation of BNB is not very favorable at the moment, Binance's native cryptocurrency is at an important bounce point but has not been able to attack upwards as it should. With 61% fibonacci and S3 serving as important support this week, the cryptocurrency is now around $ 18.51.
The EMA of 200 periods that served as dynamic support next to the S2 of the week, unfortunately were broken down with great force, this was undoubtedly a good place to start a bullish pullback towards $ 22.
Now that the situation is complicated, the buying force must recover if or if levels above $ 20. Otherwise, the price remains at risk of continuing to fall and break the $ 17.63 where the S3 is currently. If this happens we will have another strong movement that could lead to the price up to $ 15 quickly.
