BNB can rebound from the seller zone and start to declineHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago rebounded from the resistance level and made an upward impulse to 332 points, but then the price rebounded down and started to decline in a downward channel, where it fell lower than 308 level, thereby breaking it. Next, the price fell to the support level, which coincided with the buyer zone, after which it bounced up from this level and rose higher than the resistance level, thereby exiting from the channel. But soon, BNB turned around and declined to the 290 support level. Then price made an upward impulse from this level and later started to trades inside the range. In range, BNB rose to 321 points, and then made a downward impulse to the support level, breaking the resistance level with the seller zone. Price fell to the buyer zone, after which it rebounded and rose to the seller zone, but recently it turned around and fell below. At the moment, Binance Coin trades near this zone and I think the price can grow to the resistance level and, or to the seller zone and then start to decline to the support level. For this reason, I set my target at the 290 level. Please share this idea with your friends and click Boost 🚀
Binancecoin
BNB - WATCH OUT 👀 4h Support Breaks📉Hi Traders, Investors and Speculators of Charts📈
In the lower timeframes, sellers have taken control and the price is trading right on top of a very important support zone:
If we lose this support, the next likely bonce zone is only around 175:
From a macro timeframe, the technical indicator is still bullish (as long as the green trendline holds:
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CRYPTOCAP:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT.P BINANCE:BNBUSD CRYPTOCAP:BNB.D MEXC:BNBUSDT.P
BNBUSDT - Price can bounce from resistance area to $288Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to triangle, where it bounced from support line and made upward impulse to resistance line.
But then it fell back to support line, after which BNB turned around and rose to resistance line again, breaking $303 level.
Later price exited from the triangle and started to trades in flat, where soon it reached $321 level, which coincided with resistance area.
Then BNb some time traded near this area and even rose higher, but then price made a downward impulse.
Price exited from flat, and broke $303 level too and I think Binance Coin can bounce from resistance area to $288 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Binance's Resurgence: $5 Billion Inflow and 30% BNB SurgeBinance, the global cryptocurrency exchange that recently weathered regulatory storms and underwent leadership changes, is experiencing an extraordinary resurgence. With a remarkable $5 billion net inflow within two months of settling with US authorities, the platform has not only showcased resilience but has also outperformed its rivals, signaling a strong comeback under the leadership of CEO Richard Teng.
The Inflow Surge:
Since the settlement on November 21, where Binance admitted guilt to charges like money laundering and sanctions evasion, the platform has witnessed an impressive $5 billion net influx. The month of January alone has seen a staggering $3.5 billion inflow, marking the highest for any month since at least November 2022, according to DeFiLlama data.
Binance Coin ( CRYPTOCAP:BNB ) Soars:
Despite regulatory challenges, legal battles, and a multibillion-dollar penalty, Binance's native exchange token, Binance Coin ( CRYPTOCAP:BNB ), has outperformed broader markets with an impressive 20% surge since November 21. As of the latest update, CRYPTOCAP:BNB is trading at $314.9, reflecting a monthly surge of over 32%.
CEO Richard Teng's Leadership:
The resurgence of Binance is not without its challenges. Under the leadership of CEO Richard Teng, the exchange is facing hurdles such as establishing a global headquarters, appointing a board, and selecting an independent monitor for three years. These tasks are crucial for Binance's long-term stability and compliance with regulatory requirements.
Regulatory Challenges and Global Expansion:
Binance's lack of full licenses in key crypto hubs like Singapore, Dubai, and Hong Kong, coupled with a lawsuit from the US Securities and Exchange Commission (SEC), underscores the regulatory challenges the exchange still faces. The recent crackdown by Indian authorities, blocking access to Binance and other offshore exchanges, further emphasizes the risks associated with operating without official approval.
Positive Market Response:
Despite these challenges, Binance's recent success indicates a positive market response to the changes implemented post-settlement and the overall recovery of the cryptocurrency sector. As the exchange navigates the complex regulatory landscape, industry observers are keenly watching its ability to sustain this momentum.
Conclusion:
Binance's resurgence stands as a testament to the resilience of major exchanges and their adaptability to evolving regulatory landscapes. As Binance continues to redefine its position in the ever-changing crypto market, the crypto community eagerly awaits further developments, making the exchange's journey a compelling narrative of triumph over adversity.
BNB's🌞 🐂 24-hr outlook; What About the rest of the market? 🤔Bearish clouds ☁️ linger over the global crypto market in the next 24 hours and week, likely to put pressure on crypto coins such as Bitcoin and Ether.
However, Binance Coin, Dogecoin, and Chainlink defy this negative trend, suggesting upside potential in the near and medium term. 🌞
Binance Thailand’s joint venture with Gulf Energy Development’s unit Gulf Innova, resulting in a regulated and licensed crypto exchange, is now operational in Thailand.
“Thailand is one of the leaders of crypto adoption in Southeast Asia & #Binance TH is excited to be part of the Thai digital asset ecosystem,” Binance’s CEO, Richard Teng, said.
Binance Coin rose 0.9 percent over the past 24 hours to 315.81 dollars.
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BNB IS VERY BULLISH (1W)Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle.
It seems that we are now in the final wave of this triangle, the E wave.
Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB!
By maintaining the key level, which is $207, it can move towards the targets.
Our stop is the close of two weekly candles below $207. Further confirmation is when RSI resistance is broken above
BNB Technical Analysis• The primary trend for BNB is bullish. Following its encounter with resistance, it has initiated a corrective wave.
• Presently, a correction is apparent, taking the shape of a descending channel.
• It is anticipated that the price will continue to oscillate within the upper and lower bounds of this channel.
• Should reversal patterns emerge, the main bullish trend is expected to resume. Conversely, if the lower support zone is breached downwards, the Binance Coin trend will shift to bearish.
(All analyses will be updated)
This analysis is informational, not financial advice.
Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
BNB - Analysis of Binance CoinBinance Coin is currently undergoing a prolonged descent in Wave E, evident from its ongoing Wave ii correction that seems far from completion. It's fascinating to note the market's tendency to offer a second opportunity for entry after missing the initial significant surge. The challenge with perceiving it as a Wave 2 lies in the potential lack of comprehension regarding the underlying pattern, possibly identified by Elliott Wave practitioners as a double or triple zig-zag, a concept prone to subjectivity and limited helpfulness.
However, AriasWave diverges from the Elliott Wave methodology, adopting a distinct approach reminiscent of a programming language. It involves asking specific questions, and depending on the answers, guides one towards understanding their position within the corrective pattern. Here, a forward-looking and guided effort is emphasized, providing solace and comfort in making investment decisions at favorable prices, free from the fear of missing out (FOMO).
Strat Crash Market...?(BNB)📊Analysis by AhmadArz:
We are in bear market if breakout supporte price 300$.
🔍Entry: 330
🛑Stop Loss:349
🎯Take Profit: 317 -307 -292 -277
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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BNB/USDT Ready for a Bull Run? 👀🚀 BNB Analysis 💎 Paradisers, set your sights on BNBUSDT for a significant trading possibility. The asset is currently in a descending channel, indicating a strong potential for an upward shift from a key support level.
💎 Over the last month, BinanceCoin has skillfully adhered to its channel pattern. Having now reached the crucial support level at $206, there's a pronounced chance of a bullish reversal, which could culminate in a breakout from the channel.
💎 This outlook is bolstered by VRVP analysis, which suggests that historical visits to key support levels typically lead to strong bullish movements. If this bullish trajectory continues, BNB could be heading towards resistance levels at $271 and $310.
💎 However, it's crucial to monitor BNB closely. Falling below the current support level would require a significant reevaluation of our trading approach. Such a trend reversal could indicate difficulties in maintaining the bullish momentum, requiring strategic adjustments to align with the changing market conditions.
💎 Remain vigilant and proactive, Paradisers. Paradise Team is committed to provide you with thorough analysis and strategic insights to empower you to navigate these market fluctuations skillfully.
🚀💹 Binance Coin (BNB) Awakens with 18% Weekly Surge! 🌐🔥Binance Coin (BNB) has experienced a notable resurgence, surging over 18% and reaching a price level exceeding $300. This bullish momentum has propelled BNB to new local highs and is reviving optimism in the cryptocurrency, particularly after facing challenges from regulatory concerns in the United States. Here are the key details:
Market Performance:
Price Surge: BNB has recorded an impressive 18% price increase over the week, demonstrating a strong bullish reversal.
New Local Highs: The cryptocurrency has achieved new local highs, marking a positive shift in its price trajectory.
Resilience Amid Regulatory Challenges: Despite facing challenges related to regulatory scrutiny in the U.S., BNB has shown resilience and regained positive momentum.
Technical Outlook:
The current resistance is identified at $350, and a successful break above this level could pave the way for BNB to attain new yearly highs.
The bullish reversal is surprising and brings renewed optimism to BNB, signaling a potential turnaround in its market sentiment.
BNBUSDT.1DBased on the given data, the BNB currency is currently trading at $311.0 against USDT. The RSI (Relative Strength Index) on the 4-hour, 1-day, and 7-day charts are 81.26, 81.26, and 69.76 respectively. These values indicate that the currency is currently overbought, suggesting a potential price pullback or slowdown in the near future.
The MACD (Moving Average Convergence Divergence) on the 4-hour, 1-day, and 7-day charts are 10.09, 12.06, and 6.0 respectively. These positive values indicate a bullish trend.
The Bollinger Bands (BB) on the 4-hour, 1-day, and 7-day charts are all at 314.0, which is above the current price. This could mean that the market is in a downtrend from the upper band and could potentially bounce back from the lower band.
In terms of support and resistance levels, the current price is above the first support level on all three charts and below the first resistance level, suggesting that the price is currently in a relatively stable range.
In conclusion, the market data indicates a bullish trend for BNB, but the high RSI values suggest potential overbuying in the market. If you are a risk-averse investor, it might be a good idea to wait for a potential price pullback before entering the market. On the other hand, if you are risk-tolerant, you might see this as a buying opportunity given the positive MACD and the current price position between the support and resistance levels. However, please do your own research or consult with a financial advisor before making any investment decisions.
BNB IS VERY BULLISH (1W)Previously, for BNB, we considered a diametric, but the conditions of the waves are such that it seems that we are inside a triangle.
It seems that we are now in the final wave of this triangle, the E wave.
Based on the signals we have on the chart, we think $207 is the absolute bottom for BNB!
By maintaining the key level, which is $207, it can move towards the targets.
Our stop is the close of two weekly candles below $207. Further confirmation is when RSI resistance is broken above
Do you like idea...? (BNB)❤️❤️Thanks for boosting 🚀 and supporting us!
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HelenP. I After impulse up, Binance Coin can start to declineHi folks today I'm prepared for you Biance Coin analytics. Some days ago price rebounded from the support zone, which coincided with support 2, and soon made an upward impulse. After this, BNB started to trades in a big consolidation, where a few moments later, the price reached support 1, which coincided with the top part of flat. But then, BNB rebounded and declined until to trend line, which is located in the support zone. Later price tired to rise, but failed and declined back to zone, breaking the trend line. A few time ago BNB rose from support zone support 1, and in a short time price broke this level, exiting from consolidation. After this, BNB made a correction to support 1 and soon rebounded and made a strong impulse, breaking the trend line. At the moment, I expect that Binance Coin, after a strong impulse up, will start to decline to the trend line, . That's why I set my target at the 291 level. If you like my analytics you may support me with your like/comment ❤️
$BNB Rallies 10% As Binance Launchpool Welcomes Sleepless AIBinance’s native token, Binance Coin ( CRYPTOCAP:BNB ), gained nearly 11% on Tuesday after the crypto trading platform announced its 42nd project on Launchpool — Sleepless AI ( NYSE:AI ). Now, Binance traders have the opportunity to farm AI tokens by staking CRYPTOCAP:BNB , FDUSD, and TUSD for seven days starting from December 28, 2023.
Sleepless AI stands out as an innovative gaming platform as it meticulously combines artificial intelligence ( NYSE:AI ) and blockchain technology. Moreover, the network mainly seeks to transform the gaming industry through a distinctive approach and the considerable expertise of its team. Therefore, considering the rise of AI, getting your hands on Sleepless AI rewards could be beneficial.
The listing of AI tokens on Binance is scheduled for January 04, 2024, at 10:00 a.m. UTC. Thereafter, it will feature trading pairs such as AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY. Moreover, the Sleepless AI token will be equipped with a Seed Tag, adding an exclusive touch to its trading status.
Sleepless AI has a total supply of 1 billion AI tokens. Out of this, the Binance Launchpool token rewards amount to 70 million AI, which is 7% of the total supply. Moreover, the recent announcement disclosed that the AI token will have an initial circulating supply of 13 million AI, which is 13% of the total token supply.
According to the Sleepless AI whitepaper, AI tokens could be used to purchase in-game tokens as well. Furthermore, in-game purchases would be discounted for those who hold AI. Also, gamers would be able to purchase upgrades using AI tokens.
CRYPTOCAP:BNB Price Surge
After the latest announcement was made, Binance Coin ( CRYPTOCAP:BNB ) ascended significantly. As of writing, the CRYPTOCAP:BNB price was up by 10% as it traded at $294.75. The market capitalization of CRYPTOCAP:BNB was recorded at $43.8 billion, gaining 9.43%. Additionally, the 24-hour trade volume soared by 71.06% to $1.3 billion. Also, it is worth noting that the CRYPTOCAP:BNB crypto registered a new 1-month high of $288.79 on Tuesday.
BNBUSDT - After strong impulse up, price can start correctionHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Some days ago price bounced from mirror line and in a short time it rose to resistance level, thereby breaking $228 level.
Next, price corrected to this line and even declined below, but soon it made upward impulse higher than $255
But soon, BNB around down and fell back to support level, breaking resistance level and mirror line.
After this, price entered to rising channel, where it some time traded near support level and then rose back to resistance level.
Recently BNB was little corrected and after this, price made strong upward impulse higher than resistance level, exiting from channel too.
I think Binance Coin, after strong impulse, can start to decline to $255 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BNB shows potential for a 60% moveHey everyone,
After a relatively long time of having no activity here, I've resumed sharing my ideas here.
There's potential for an upward move in #BNB if it successfully breaches and maintains its position above the white line.
I've already opened a #long position. Let's observe its progress.
Cheers!
Mr. Cryptotracker
BNB Rallies As Binance Announces NFPrompt (NFP) on LaunchpoolBinance has launched NFPrompt (NFP), an AI-driven project for Web3 creators, offering staking opportunities with CRYPTOCAP:BNB , FDUSD, and TUSD.
The world’s largest cryptocurrency trading platform Binance on Tuesday announced its 41st project on Binance Launchpool with the launch of NFPrompt (NFP). The move has caught the attention of the crypto community, as the platform offers a unique opportunity for users to farm NFP tokens by staking BNB, FDUSD, and TUSD.
Farming NFP Tokens: A Unique Opportunity for Crypto Enthusiasts
According to a statement released by Binance, NFPrompt ( NEWCONNECT:NFP ) is an AI-powered User Generated Content (UGC) platform that promises to benefit Web3 creators. Come December 20, 2023, users will be able to stake their BNB, FDUSD, and TUSD in separate pools to farm NFP tokens over 7 days.
Binance has unveiled plans to list NFP on December 27, 2023, at 10:00 UTC, offering multiple trading pairs, including NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. The listing is expected to boost the liquidity and accessibility of NFP tokens in the broader crypto market.
Binance Launchpool Fair Mode reflects the platform’s commitment to safeguard and augment the interests of the community and retail users. This model ensures a more equitable distribution of tokens during the initial circulation phase and aims to reduce inflation pressure by preventing some allocations from entering circulation.
Launchpool Token Rewards and Staking Terms
The total token supply for NFPrompt is capped at 1 billion NFP, with 11% (110 million NFP) set aside for Launchpool token rewards. Initially, only a fourth of the total tokens will be in circulation. As per the staking terms, a KYC verification is mandatory, in addition to hourly hard caps per user for each pool.
Post Binance’s announcement, the CRYPTOCAP:BNB price rallied over 5% to $251, indicating that the overall market sentiment around the project is positive. The uptick also highlights the growing interest in innovative projects within the crypto space, especially the ones underpinned by AI, and that focus on content creation in the Web3 landscape.
HelenP. I After breaking resistance level, BNB can continue riseHi folks today I'm prepared for you Binance Coin analytics. Some days ago price rebounded from the trend line and made a strong impulse down to support 2, which coincided with the support zone, thereby breaking support 1. After this, the price rebounded from support 2 and tried to rise, but failed and fell to the support zone, where soon it rebounded back. Next, BNB some time traded near this level, and later price rebounded from support 2 and made a strong upward impulse to support 1, which coincided with the resistance zone, thereby breaking the trend line. After this movement, BNB broke this level but soon made an impulse down to the trend line. Then it was around up and in a short time backed up. At the moment Binance Coin trades in the resistance zone and I expect that price can correct one more time to support level and then continue to rise. For this case, I set my target at the 261 level. If you like my analytics you may support me with your like/comment ❤️