BNB Surrenders with a Bearish Flag
The BNBUSD is running sideways after a huge 27% drop in early June. This scenario might not be the worst option after Securities and Exchange Commission (SEC) launched a massive raid on Binance. But the longer this sideways pattern continues the more tension the bearish flag is gaining. This may lead BNBUSD below $180 per altcoin.
Failures of the SEC in court should encourage the altcoin to recover, but BNB process performed poor response on this positive news. It may mean that investors do not believe that Binance will take over SEC, and are ready to leave the sinking ship.
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