BNB eyes $700 as bullish trendline signals rally ahead
Amid BNB price recovery in the past weeks, a potential for bullish breakout has emerged which could drive a possible rally to $700.
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Amid BNB price recovery in the past weeks, a potential for bullish breakout has emerged which could drive a possible rally to $700.
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?
BNB has experienced significant price fluctuations this year, reaching a high of $720 in June before undergoing a downward correction. More recently, technical patterns such as ascending triangles have signaled periods of consolidation, suggesting the market could be at a pivotal moment.
Binance, the biggest centralized exchange (CEX) by volume, continues to lose ground in market share for the second year in a row. Right now, the exchange holds 39.54% of the total spot trading market, down from 52.5% last year — a 13% drop in just 12 months.
Binance introduces a Halloween-themed event offering up to 10 BNB as a grand prize. Participants engage in various platform activities to earn rewards.
BNB price corrected gains below the $605 level. The price is now holding the key $588 support and might aim for a fresh increase.
BNB price eyes breakout as bullish sentiment grows, but key resistance levels remain crucial.
The price of Binance Chain Native Token or BNB (BNB) has risen above the moving average lines and reached the overhead resistance of $600.
Binance Coin (BNB) inches closer to the significant resistance level of $600, traders are eager to see whether this cryptocurrency can mount a successful breakout. Currently trading around $597.2, with a minor dip of 0.08%, the pressing question is whether BNB can overcome this resistance and initiate a rally that could propel it toward the ambitious target of $715.
Some coins have returned to the red zone by now, according to CoinStats.
BNB is approaching a key resistance at $600, with bullish signals indicating a potential breakout.
Binance's volume hit a historical high of $100 trillion as BNB experienced a strong upswing over the past week.
Just like in other bull years, the cryptocurrency market is becoming more active in the final quarters, and the key players are gearing up for massive profits. Crypto whales are patiently stacking altcoins that are primed for a massive rally. The top altcoins on their list are Ripple (XRP), Binance Coin (BNB), and DTX Exchange.
Crypto exchange Binance hits $100 trillion in combined spot and derivatives trading volume mark. This success served to strengthen its claim and led to speculations around an increase in Binance Coin (BNB) price.
Binance Coin (BNB) is currently facing a pivotal moment as it approaches the $600 psychological resistance level. This point has served as a barrier for months, hindering the potential for a bull run.
Solid buying in the Bitcoin ETFs suggests that investors expect Bitcoin to breakout to a new all-time high. Will altcoins follow?
The crypto market can be likened to fireworks as prices explode. Bitcoin (BTC) touched $68,000, gathering momentum to flip the $70,000 resistance. Altcoins aren't lagging either: Binance Coin (BNB) broke above the $600 resistance, flipping it to support. In this post, we will partly cover its price outlook for this quarter.
All eyes are on BNB as it faces its next major on-chain and spot market tests.
BNB has faced a significant rejection at a critical resistance level, raising concerns among traders about a potential price correction. After an impressive rally, the momentum has faltered, leaving the cryptocurrency at a crossroads.
The Labs partners include trading firm DWF Labs and the Floki, BNB Chain's largest memecoin by market capitalization.
Earlier this week, news of the Radiant Capital exploit shook the broader digital currency ecosystem. With over $51 million siphoned from the BNB Chain and Arbitrum networks, the former has issued a major warning to protect its users.
Since the release of Binance former CEO Changpeng Zhao, BNB price has gradually gained bullish momentum and followed Bitcoin in an ongoing breakout.
Binance Coin (BNB) breaks $600, sparking analyst predictions of a potential rise to $800 amid positive market sentiment and technical indicators.
Approaching the $600 psychological mark, the Binance Coin (BNB) price is nearing a crucial crossroads. The months-long resistance remains the key bearish level in the daily chart, keeping the bull run on hold. Will the recent bull cycle lead to a breakout rally to $800? Let's find out in Coinpedia's BNB price analysis.
