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BNB is different from other altcoins in the sense that it retraced much less from it’s all time high than most other altcoins did. While most altcoins have already seen a retracement in the range of 85%-95%, BNB has only seen a 73% retracement.
Another thing which sets BNB apart from other altcoins is that it is not currently above or even close to any major support level, leaving potentially a lot of room for the price to fall.
A bearish break from the lower bollinger bands on the weekly chart after the bollinger band contraction is a sign that the weekly momentum is decidedly bearish.
The only hope for BNB not losing significant value is for it to hold it’s previous daily low at the $184.6 level which also marks the 0.786 retracement of the previous bull market.
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