Binance Coin

Binance Coin repays investor confidence as it soars above $300, will $350 be next

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The retest of the $280 area saw a sharp bullish reaction. $307 has offered resistance over the past ten days but was beaten in the recent hours of trading. Bitcoin [BTC] continued to stay above […]

Will BNB continue to show dominance in count of daily active users?

BNB Chain’s weekly active users were 2.6 million. Popular dApps saw a decline in activity, impacting BNB negatively and adding to the selling pressure. BNB, the native token of the Binance blockchain performed well in two metrics- first in terms of daily active users and second in the count of the total number of transactions […]

BUSD faces depegging scare: What’s going on, Binance?

BUSD under FUD because of reports showing insufficient backing. Until the time of writing, the stablecoin was able to maintain its peg.  The stablecoin of trading platform Binance [BUSD] is in the spotlight now. Even though it is the largest cryptocurrency exchange, Binance has been repeatedly criticized. A recent report has now expressed concerns about […]

Binance Coin bulls encountered resistance at $282, will a rejection follow?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.  The lower timeframe market structure of Binance Coin was strongly bullish. The coin saw a minor pullback from $280, and the price reaction over the next few hours could decide BNB’s next move. Bitcoin [BTC] […]

Binance Coin reaches a significant resistance zone, can the bulls conquer it?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The $278 mark and its vicinity had a strong confluence of resistance levels Traders can wait for a lower timeframe break in the structure downward before shorting Binance Coin has recovered from the sharp plunge […]

Binance Coin: Could this move by Binance clear FUD and help BNB rally?

Binance recently announced becoming a member of the ACSS. This move came after the FUD surrounding BNB due to the FTX collapse and SEC inquisitions. In recent weeks, there has been a lot of fear, uncertainty, and doubt (FUD) surrounding Binance Coin [BNB] after FTX’s [FTT] collapse and the downward trend of its native cryptocurrency. […]

$250 stands in the way of Binance Coin bulls- is a breakout imminent?

The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Binance Coin saw low volatility in recent weeks The resistance in the $250-$260 region would need to be broken for short-term bulls to enter the market with some confidence Bitcoin did not initiate a longer-term […]

Binance Coin forms a short-term range under resistance- can it break out?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Binance Coin has bounced between $240 and $256 The lack of significant liquidations meant a breakout was not yet in the works Binance came under a lot of FUD in recent weeks, but the […]

Binance becomes final destination of Voyager with potential $1.2B acquisition

Binance recently emerged as the winner of a bid to acquire Voyager. BNB seemed to have reacted positively to the news after days of a downtrend. The recent high volatility seen by Binance [BNB] was not just a result of the market environment; it was also a result of FUD around the Binance exchange. Binance’s […]

With Binance Coin’s bearish structure, here is where short-sellers can re-enter

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Market structure on daily and lower timeframes was bearish A bounce from $220 was in progress, but faced resistance at $240 There has been a lot of fear around Binance in recent weeks, following […]

BNB suffers at the hands of this Binance speculation; what can traders expect

Binance recently experienced a massive net outflow on the back of a possible prosecution from the DOJ BNB token has also been on a downtrend in recent days Speculation that Binance could be prosecuted has led to a flurry of attention on the exchange in the past day. There was a reported increase in withdrawals, […]

Binance Coin buyers can look for a retest of this 12-hour breaker to buy BNB

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure saw a bullish break in late November Since reaching $313, BNB has bled slowly and could post further losses Bitcoin traded within a range from $17.7k to $15.6k since 9 November. […]

BNB Chain was the most active protocol in November, but did it help BNB holders?

BNB witnessed a surge of daily active users on its dApp. The volume on popular dApps declined while selling pressure for BNB rose. According to DappRadar, activity on BNB Chain’s dApps increased gradually over the last month despite the prevalence of the bear market. 🔹 @BNBCHAIN was the most active protocol. 🔹 #DeFi Total Value Locked […]

BNB Chain crosses major dApp milestone; will this popularity help BNB’s next rally

BNB Chain’s dApps performed well in the current market, with PancakeSwap capitalizing on the World Cup hype However, BNB’s volume and velocity depreciated over the last month BNB Chain’s dApps grew over different sectors over the last week. According to a tweet posted by BNB Chain’s official account on 5 December, dApps such as The […]

Binance Coin [BNB] traders can attempt to enter a risky long position at…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Binance Coin was back in a zone of support The market structure was bearish, and a move above $282 can signal a small move north Binance Coin has been severely volatile in November. The […]

Binance Coin retests $315 as resistance, is it the right time to go short

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Daily structure strongly bearish following rejection at $360 $280 and $260 are levels to watch out for, but it could be risky for the bulls Binance Coin crashed as far south as $260 on 9 […]

Binance Coin saw momentary respite after bailout news, but…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Binance Coin bulls were hopeful that recent news could initiate a bull run The rejection near $400 was followed by ruthless selling pressure In the wake of fears around the solvency of FTX, Binance signed […]

Binance Coin: Pullback to this area can be used to enter a long position

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Market participants from traditional and crypto markets had a close eye on the FOMC meeting results. Another 75 bps hike (0.75%) was expected as the Federal Reserve seeks to fight inflation. This could see […]

Binance Coin [BNB] offers an attractive buying opportunity here

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binance Coin saw a sharp rejection at $300 earlier in October The price has since seen some bullish reaction at the $260 area Binance Coin approached an important support zone on the price charts. […]

Just-In: Binance Releases Urgent Patch For BNB Smart Chain After Hack

Binance developers released the temporary urgent patch v1.1.16 for BNB Smart Chain nodes on Tuesday. The patch fixes the cross-chain infrastructure between Beacon Chain and Smart Chain. The cross-chain communication between both chains was disabled after the $100 million cross-chain bridge BSC Token Hub exploit. Binance Releases Patch to Re-Enable BNB Cross-Chain Services Binance developers The post Just-In: Binance Releases Urgent Patch For BNB Smart Chain After Hack appeared first on CoinGape