@antphoenix18
Binance’s ongoing regulatory scrutiny, including potential U.S. and global probes, has dented BNB investor confidence. BNB’s correlation with Binance’s trading volume makes it sensitive to negative news, contributing to a bearish RSI (negative territory). BNB faces resistance at $0.55 (50-day SMA) and support at $0.46. Market sentiment is cautious, with derivatives showing neutral positioning. Over the next two weeks, BNB could slide to $0.46 if regulatory fears intensify, but a break above $0.55 may signal a recovery to $0.64, driven by Binance’s resilience and user loyalty.
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