Double Top Warning Signals a Potential 30% BNB Price Decline

Binance cryptocurrency, BNB, is facing potential risks that could lead to a significant drop of up to 30%, potentially reaching $835 by November. The warning comes from a double top pattern on the price chart, signaling an exhausted trend and possible pullback. Binance experienced a major outpouring of funds exceeding $21.7 billion in recent days after a margin system crisis within the exchange, causing investor unease. This financial turmoil has been exacerbated by concerns around potential exploits within Binance’s Unified Account margin system, which some analysts estimate to have caused losses of up to $1 billion.