BNB retesting critical $12 support level. Price hit $18.00 level for the third time and was quickly rejected, this time, sending it back to $14, where it had almost no bounce, and then back down to that $12 support level.
BNB at $12, down 30% from $18
However… If crypto market is diminishing on Binance, with fewer and lower-volume trades, this could mean less QD of BNB as a trading token, as fewer BNB tokens are needed to pay for the decreased amount of total market trading fees in a market of diminishing amount of trades.
If $12 doesn't hold, next lower level of support is $10.14.
BNB at $12, down 30% from $18
However… If crypto market is diminishing on Binance, with fewer and lower-volume trades, this could mean less QD of BNB as a trading token, as fewer BNB tokens are needed to pay for the decreased amount of total market trading fees in a market of diminishing amount of trades.
If $12 doesn't hold, next lower level of support is $10.14.