Binance vs. SEC: How low can BNB price go?

The market capitalization of BNB (BNB) has actually dropped by more than $7 billion because June 5 when the U.S. Securities and Exchange Commission (SEC) filed a claim against Binance. BNB price eyes technical bounceThe impact of the SEC claim on Binance has been substantial so far with BNB down nearly 15% week-to-date. Source: TradingViewIn this case, BNB rate will likely eye its descending trendline resistance point near $280 as its next benefit target in June, up around 7% from current rate levels.On the other hand, BNBs decisive close below its multi-month rising trendline assistance suggests that $240 must be enjoyed as a prospective disadvantage target in June.

The market capitalization of BNB (BNB) has dropped by more than $7 billion because June 5 when the U.S. Securities and Exchange Commission (SEC) submitted a claim against Binance. BNB cost eyes technical bounceThe effect of the SEC claim on Binance has been significant so far with BNB down nearly 15% week-to-date. Source: TradingViewIn this case, BNB cost will likely eye its coming down trendline resistance point near $280 as its next upside target in June, up around 7% from present cost levels.On the other hand, BNBs definitive close listed below its multi-month ascending trendline support means that $240 should be viewed as a possible disadvantage target in June.