BNB (BNB), currently trading at $261, seems headed toward a sub-$220 valuation as recent SEC court filings shake Binance’s standing. This forecast follows a slight dip of 0.57% on Friday, with BNB closing at $261. Binance remains under scrutiny, with the SEC court filings garnering significant attention in crypto news. Meanwhile, the market sees a surge in interest in TMS Network (TMSN) ongoing presale as investors look for fresh opportunities.
Bearish Reactions to Binance US Announcements Threaten BNB (BNB) Drop Below $220
BNB (BNB) position in the crypto market seems increasingly unstable as it contends with bearish sentiment stirred by recent SEC court filings against Binance US, Binance, and their CEO, CZ. Following the court filings, Binance US made the controversial move to suspend US dollar deposits and temporarily halt fiat (USD) withdrawals from June 13, 2023, further driving down investor confidence. The exchange cited the SEC’s aggressive tactics and the subsequent banking challenges as reasons for this decision.
BNB (BNB), which started the day on a bearish note with an 8.94% decline to $237, suffered more when it slipped to a new 2023 low of $230 from a high of $261. This slide through the major support levels does not bode well for BNB (BNB) immediate future. BNB (BNB) Investors will likely watch the SEC vs. Binance news over the weekend, with no US economic indicators or Federal Reserve commentary to distract them.
Key to BNB (BNB) trajectory will be its ability to move past the major support levels and the $260 pivot. Failure to do so might drag BNB (BNB) down further, possibly to sub-$220 levels. The bearish signals from the EMAs and the 4-hourly candlestick chart affirm this outlook, with BNB (BNB) currently positioned below the 50-day EMA.
Rising Investor Interest in TMS Network (TMSN) Presale
The recently launched TMS Network (TMSN) has made a strong impression in the crypto space. The DEX, serving as a unique bridge between traditional and crypto markets, enables users to trade a range of financial instruments such as cryptocurrencies, CFDs, forex, and equities. TMSN’s unique proposition is driving its popularity among the crypto investment community.
Investor interest in TMS Network (TMSN) has surged since its stage 1 presale, triggering significant value growth. Initially priced at $0.025 in the stage 1 presale, TMSN soared to $0.05 in stage 2, and reached $0.078 in stage 3. The momentum remains strong in the ongoing stage 4 presale, with TMS Network (TMSN) already trading at an impressive $0.104.
The TMS Network (TMSN)’s ICO has witnessed a spectacular 300% appreciation so far. TMS Network (TMSN) continues its bullish run, showing no signs of slowing down. The strength it has demonstrated is a good sign for its future as a disruptive player that bridges the crypto and traditional markets.
Join the Presale:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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