Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: Rockalo on June 24, 2021, 07:57:58 PM
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Binance Coin (BNB) is in a positive uptrend. The current uptrend is facing resistance at the $310 high. The resistance at $310 is the previous support from May 29. In that price action, the market rallied up to $420 high.
In today's price action, BNB is likely to face rejection at the recent high. If the price of the cryptocurrency is rejected at the recent high, Binance Coin will fall to $255. Moreover, the current uptrend is approaching the overbought area of the market. This will attract the emergence of sellers to push the prices down. On the other hand, if buyers overcome the resistance at $310, the cryptocurrency will rise to either $380 or $420. More information: please click here
(https://coinidol.com/binance-coin-resistance-310/)
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The Cryptocurrency market is not stable currently now BNB coin is uptrending but some how down 8% the price of BNB as of today is $315 dollar I don't really know what's going to happen next in the Cryptocurrency market if BNB could reach all time high in the coming months.
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We have seen the BNB price increase above $300 and I think the analysis from the source article above is correct, at the same time the price of BNB will increase along with the number of coins burned in July, we can see when BNB is in the first week of July the price it's already over $300 and I think when before CZ announced it, I'm sure the price will reach $400
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at the same time the price of BNB will increase along with the number of coins burned in July, we can see when BNB is in the first week of July the price it's already over $300 and I think when before CZ announced it, I'm sure the price will reach $400
Quarterly burn is a great event for BNB to take another bullish rally, but not sure this time as correction market is going on and we might see another downfall on bitcoin which might have effect on the price of BNB. But it could be a vice versa and BNB might again rebound to $400 or more just like you said if market take short bullish rally while burning is going to be happened.
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The current BNB's price is 310$. At the moment the near resistance point is at 315$. If BNB crosses that then It can go up and cross 360$. In this situation, all altcoins are following Bitcoin when it dumps. but all altcoins are not pumping with Bitcoin. BNB is also doing this. It comes down with BTC but not following BTC correctly when it goes up.
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BNB is taught every year. The price of these coins starts to rise from the time when more coins are burned. The future of these coins is very bright. The most prestigious exchange site in the world is Binance. BNB is a coin of this exchange. So no one needs to re-understand the popularity of these coins. Its future is very bright.
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BNB is taught every year. The price of these coins starts to rise from the time when more coins are burned. The future of these coins is very bright. The most prestigious exchange site in the world is Binance. BNB is a coin of this exchange. So no one needs to re-understand the popularity of these coins. Its future is very bright.
That's right, the supply available in BNB will continue to be burned every year, so it will increase the exchange rate of BNB. When BNB is burned it will make it difficult for people to get BNB. At least one of these methods can make the price of BNB increase.