The technical analysis highlights a strong downtrend in BNB, with RSI hovering around the oversold zone, making multiple bearish divergences. Binance Coin (BNB) was the biggest gainer last week after Elon Musk finalized its Twitter acquisition deal in which Binance is an investor. Binance also committed to helping Musk to curb the menace of fake and bot Twitter accounts. This crypto rally led BNB to cross the mark of $350, after May. Moreover, As soon as the news of Binance acquiring FTX broke early this week, the token rallied 25% within an hour, but could not sustain the uptrend longer. The post BNB Technical Analysis: Binance Coin Plunges as Crypto Rally Cools Off appeared first on Cryptoknowmics-Crypto News and Media Platform .
