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news-imageSeptember 30, 2024

Binance Coin Faces Local Reversal: Is a Drop to $560 Inevitable

Binance Coin (BNB), the fourth-largest crypto currency by market capitalization, is currently experiencing a significant market movement, largely driven by the recent release of former Binance CEO Changpeng Zhao (CZ) after a four-month detention related to U.S. money laundering allegations. This development a surge in BNB's price, but it was accompanied by a spike in liquidations, resulting in an immediate local reversal across many BNB trading pairs.
Publisher: The Currency Analytics
Sentiment: Negative
BNB

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Binance Price Analysis: BNB Price Eyes A New ATH With 10% Rally?

Story Highlights The BNB price successfully retests its crucial support and jumps 8% in valuation. Technical indicators record increased bullish sentiment, hinting at a higher price target. The Binance price is 8.62% away from its ATH of $720.61. The Binance token has experienced a significant uptrend in the daily price chart.

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XRP Set to Overtake BNB, Eyes on 35% Rally

With notable gains in recent days, Ripple's native token, XRP, has crossed the $1.5 level for the first time since 2021. However, based on its price action and performance, it appears that the XRP price rally is likely to continue in the coming days until it reaches the next resistance level of $2.

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Alephium-BNB Chain: The Crypto Bridge That Opens New Horizons!

Alephium reinforces its commitment to the multichain world with the launch of its new bridge to the BSC (Binance Smart Chain). One year after the introduction of the bridge to Ethereum, Alephium is proud to announce this new connection with the rich and vast crypto universe of BNB Chain.

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