Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Lenipiw on September 16, 2020, 09:47:21 AM
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Binance Coin has been one of the few altcoins in September that has surged in price, but breaking $35 will be a major challenge for BNB. In recent weeks, most of the cryptocurrency market has been doing poorly except for a few select altcoins. One of them is Yearn.finance (YFI), which was discussed in an earlier article. The other large-cap cryptocurrency doing well is Binance Coin (BNB), as the token of the cryptocurrency exchange dropped to $18 and immediately ran to $32 within one week.
This is a rally of 80% in a matter of days and, therefore, ripe for technical analysis to gauge where BNB may be headed next.
Visit here: https://cointelegraph.com/news/can-binance-coin-hit-40-bnb-faces-last-hurdle-before-all-time-highs
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Binance coin(BNB) has no resistance during bear market, infact the degree of going deep is very fast but can't pull or sustain a price mark. I think it is possible for BNB to touch $40 but has no resistance level, that is, BNB can be easily drop to an uncomfortable price level each time it pumps.