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SEC Lawsuit Against Binance Causes BNB Price to Crash by 10%

The SEC's lawsuit against Binance caused a market-wide drop in prices, with BNB experiencing a quick crash. The news led to a spike in volatility and a 10% drop in BNB's price within two hours. The current support level for BNB is at $265, which may be tested if market sentiment remains bearish.

The daily RSI and MACD indicators both show a bearish bias for BNB, and more volatility can be expected as the market continues to digest the news.

BNB BNB $629.15
+2.85%
SEC Binance
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