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The prices of most of the coins are trying to come back to the bullish zone, according to the CoinMarketCap data.

Binance Coin Price Prediction: Amid a recent allegation against Binance, the World's largest crypto exchange, and its CEO Changpeng Zhao (CZ) for breaking derivatives rules in the United States, the BNB price witnessed a certain selling pressure from market participants. The coin price decreased by 9.3% since last week, falling from a peak of $340

Binance CEO CZ responded to the CFTC's lawsuit, stating that its complaint "appears to contain an incomplete recitation of facts."

Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer.

BNB, the native currency of the Binance ecosystem, is down 6% in the past 24 hours, trackers on March 28 show. BNB Slips 6% As Sell Pressure Mounts As the coin remains under pressure, it is underperforming the broader cryptocurrency market, trailing Bitcoin, Ethereum, and others within the same period.

The price of Binance Coin (BNB) has fallen by 5% in the past 24 hours, dropping to $310 in response to the news that the CFTC has filed a civil enforcement action against Binance and its CEO Changpeng Zhao.

It is worth mentioning that PancakeSwap (CAKE) is a DEX (Decentralized Exchange) built on the Binance Smart Chain, which allows coins to be exchanged using non-custodial wallets.

Binance's native token Binance Coin [BNB] plunged nearly 6% in the past 24 hours, after the U.S. Commodity Futures Trading Commission (CFTC) alleged that crypto behemoth and founder Changpeng Zhao (CZ) violated compliance rules to expand its business.

The exchange's token has dropped more than 6% following allegations that it violated trading and derivatives laws

The crypto market corrected on news of the CFTC suing Binance and its CEO Changpeng Zhao, but technical charts reveal a silver lining.

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the largest cryptocurrency exchange in the world, Binance Holdings Ltd., as well as its Chief Executive Officer, Changpeng “CZ” Zhao, alleging that they violated regulations pertaining to trading and derivatives.

While it is mainly Bitcoin that is driving the performance of crypto markets right now, there are a few cryptocurrencies whose price performance is nonetheless interesting to examine: Binance Coin (BNB), Cronos (CRO), and Algorand (ALGO).

BNB price (Binance coin) is showing positive signs above the $320 level against the US Dollar. It could continue to move up if there is a break above the $340 resistance.

Read Price Prediction for Binance Coin [BNB] 2023-24

The Binance coin price analysis is bullish today as the coin's price function is headed upwards, as it consolidates at the $326 level. The bulls have been in control of the movement for the past 24 hours, allowing them to keep the price of BNB above the $325 level since yesterday.

Catch up on the latest crypto market news at The Currency Analytics.

On Saturday, March 25, Binance Co-Founder and CEO Changpeng Zhao (CZ) took to Twitter to share intriguing insights into the historical price performance of Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). CZ's tweets highlighted the impressive growth of these cryptocurrencies over the years and shed light on their varying market caps.

How does the Binance Coin (BNB) look over the next three months? Let's take a look at it in this BNB price prediction article.

The weekly crypto price analysis reveals that most of the coins have been trading in a neutral trend with bulls and bears being equally active in the market. For the whole of the week, the top coins have remained rangebound between their upper and lower boundaries.

Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.

Today's cryptocurrency market is expected to trend downward, according to the Binance Coin price analysis. Despite the price stabilizing yesterday and the bulls closing the day with an advantage, the bears have been able to lower the price to a $320 edge in the past 24 hours.

Only a week after making its debut on the BNB Chain, the decentralized exchange (DEX) Uniswap has attained a milestone of over $53 million in trading volume.

BNB Chain, the decentralized platform for building and running smart contracts on Binance Smart Chain (BSC), has announced the launch of its Zero2Hero hackathon.

Binance Coin (BNB) price is in an uptrend and rose to a high of $340 before pulling back. On March 22, buyers failed to maintain the uptrend.