{"id":145438,"date":"2023-08-16T14:31:10","date_gmt":"2023-08-16T12:31:10","guid":{"rendered":"https:\/\/investmentbell.com\/?p=145438"},"modified":"2023-08-22T15:07:17","modified_gmt":"2023-08-22T13:07:17","slug":"binance-coin-faces-potential-correction-as-bear-flag-emerges-analysts-warn","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/fr\/news\/crypto-currency\/binance-coin-faces-potential-correction-as-bear-flag-emerges-analysts-warn\/","title":{"rendered":"Binance Coin fait face \u00e0 une correction potentielle alors que le drapeau de l&#039;ours \u00e9merge, avertissent les analystes"},"content":{"rendered":"<ul class=\"wp-block-list\">\n<li>Analysts observe a bear flag pattern for Binance Coin, signaling possible price correction and impacting altcoins.<\/li>\n\n\n\n<li>Failure to reclaim $240 support level can trigger a 20-30% Binance Coin price correction.<\/li>\n\n\n\n<li>The cryptocurrency community faces uncertainty as traders reassess strategies amidst volatile trends and potential correction.<\/li>\n<\/ul>\n\n\n\n<p>In a recent tweet by financial analyst Ali, a looming storm appears to be on the horizon for the cryptocurrency market, with Binance Coin (BNB) at the center of the brewing tempest. The concern stems from what experts call a &#8216;bear flag&#8217; formation that could have significant repercussions for BNB and other alternative coins (altcoins).<\/p>\n\n\n\n<p>Ali analyzed the situation of Binance Coin (BNB) and its potential impact on various altcoins via a Twitter thread:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/academy-public.coinmarketcap.com\/srd-optimized-uploads\/e998282600c34c6a8092c36cb361f81e.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>The heart of the matter lies in the price trend of Binance Coin, the widely-traded cryptocurrency that has garnered its fair share of attention. According to Ali, the recent downward spiral in Binance Coin&#8217;s price movement has triggered the emergence of a bear flag pattern. This technical analysis pattern is often regarded as an indicator of a potential continuation of a downtrend, and its appearance has sent ripples of apprehension through the cryptocurrency community.<\/p>\n\n\n\n<p>The potential scope of this correction is causing furrowed brows among traders and investors. If Binance Coin fails to reclaim the crucial support level at $240, Ali warned that the digital asset could be staring down the barrel of a substantial 20% to 30% price correction. Such a correction would not only dent the valuations of BNB holders but could also cast a shadow over the broader altcoin market.<\/p>\n\n\n\n<p>Binance Coin (BNB)\u00a0is trading at $233.90 with a 24-hour trading volume of $500,158,405.53. Over the last 24 hours, BNB has experienced a 2.19% decrease in price. BNB currently holds the 4th position in terms of market capitalization, boasting a market cap of $36,013,840,385. This recent price movement indicates a positive trend in the short term.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/binance-usd\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost145438\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost145438').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>In a recent tweet by financial analyst Ali, a looming storm appears to be on the horizon for the cryptocurrency market, with Binance Coin (BNB) at the center of the brewing tempest. The concern stems from what experts call a &#8216;bear flag&#8217; formation that could have significant repercussions for BNB and other alternative coins (altcoins). [&hellip;]<\/p>","protected":false},"author":13,"featured_media":145439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-145438","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts\/145438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/comments?post=145438"}],"version-history":[{"count":2,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts\/145438\/revisions"}],"predecessor-version":[{"id":145544,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts\/145438\/revisions\/145544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/media\/145439"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/media?parent=145438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/categories?post=145438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/tags?post=145438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}