Will BNB cross $220?Falling Wedge: BNB shows a falling wedge breakout in the daily chart.
Resistance Zone: Sellers are dominating the $219-$220 mark.
Potential for $250: A breakout above $220 could lead BNB to $250.
Recent Decline: BNB has fallen 41% between April and September 2023.
50-Day EMA: The declining 50-day EMA is supporting the bearish trend.
Double Top: A potential double top pattern is forming at $219.
Current Price: BNB is trading at $212 with an intraday fall of 0.56%.
Bearish Neckline: A bearish pattern could complete with a neckline at $206-205.
Psychological Mark: $200 is a crucial psychological level.
Technical Indicators: The ADX line is falling sharply, indicating loss of momentum.
Bearish Crossover: DI lines are showing a potential bearish crossover.
Flip Side: A downtrend could take BNB to new lows, with key supports at $180 and $150.