Here’s Why BNB May Drop Another 20%📉📉📉

On December 19th, a bearish engulfing candle at the retest phase indicates the sellers are defending the newly flipped resistance. A post-retest fall may tumble the prices 23% down to $190 support.

However, the in-between level of $215 remains a strong support that could assist buyers in regaining trend control.

On a contrary note, if the retest phase or consolidation just below $252 prolong for a few more trading sessions, the Binance coin price could jump above the mentioned level and undermine the bearish thesis.