Binance Coin has experienced a retreat to $1,162.35 following a peak above $1,200, as recent bullish sentiment meets resistance from key technical levels. The price correction comes amid optimism surrounding a potential settlement with the SEC, which has driven interest in the asset. However, the coin’s upward momentum faced challenges, leading to its current support test. Traders are monitoring these developments closely to assess BNB’s next moves and whether it can regain a stronger position. The recent price action emphasizes the delicate balance between regulatory advancements and market corrections influencing cryptocurrency valuations.
