BANUSWBNB 1HWe are currently observing an accumulative triangle formation in the BANUS/WBNB pair. The BANUS coin currently sits on the bottom edge of this triangle. This formation often suggests that investors are waiting for some market trigger or direction before deciding on the next trend.
With an RSI set at 3.7, we notice an exhaustion of selling forces. This could signal a potential trend reversal or at least a respite in selling pressure.
BANUS has a marked deflationary characteristic. With 50% of the fees generated on DEX BANUS being allocated to buyback and subsequent burning of the coin, there is a systematic decrease in the total supply. This mechanism can, over time, exert positive pressure on the price as supply decreases and, presumably, demand remains stable or increases.
The news of BANUS' imminent listing on a Dubai exchange is promising. This can significantly increase your visibility and attractiveness to new investors, especially those in the Middle East looking to diversify their crypto portfolios.
