BNB Price Plummets Below $500: Bears Eye $420 With 20% Decline

BNB price started a major decline and dived below the $500 support. The price is now gaining bearish momentum and might even test $420.BNB price started a major decline below the $550 support zone.
The price is now trading below $500 and the 100-hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $495 on the hourly chart of the BNB/USD pair (data source from Binance).
The pair could extend losses and even test the $420 support in the near term.BNB Pr