BNB Price Correction Deepens as Kazakhstan Launches Crypto Fund
Binance Coin faces a potential correction after forming a double-top near $1,400, according to analyst SmartMoneyCrypto.
Following Kazakhstan’s decision to seed its Alem Crypto Fund with BNB, the token dropped 10.5% to $1,185. Technicals suggest selling pressure persists below $1,200, with key support levels eyed around $1,150 and $1,100.
Binance Forms Double-Top Pattern as Momentum Weakens
According to SmartMoneyCrypto, the chart shows two clear peaks between $1,350 and $1,400, followed by a neckline breakdown — a pattern often preceding short-term declines. The rejection near $1,300 and shrinking trading volume indicate waning buyer strength as traders lock in profits after a prolonged rally.
BNBUSD Chart | Source:x
The analyst…
