Binance Coin Price Analysis: Violating The Crucial Support Of $500, The BNB Coin Could Lose 10-12% More

The BNB coin price struggles to overcome the All-TIme High resistance zone around $660. On December 1st, the price obtained strong rejection from this resistance and initiated another retracement phase. The price dropped 20% from the above level and already retested the near support of the $500 mark. This has created two crucial levels for BNB, and further course for the price will be dependent on their breakout.