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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 ❤️
Short
by FirstNameHelen
3
$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.
Long
by DEXWireNews
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❤️
Short
by WalterMoon
2
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.
BINANCE:BNBUSDLong
by DEXWireNews
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 ❤️
Long
by FirstNameHelen
2
Binance Coin can rebound up from upward pennant to 260 levelHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first broke the 228 support level, which coincided with the buyer zone. Some time ago, BNB made a correction to the support line of the channel and then bounced to the resistance line. After this, the price rebounded and fell to the 228 support level, which coincided with the support line of the pennant, thereby exiting from the channel. Next, the price rebounded from this line and made a strong upward impulse to the resistance line of the pennant, breaking the 245 level. Also then, BNB corrected to the support area and a not long time ago continued to rise near the support line of the pennant. And now, I think that Binance Coin can rebound from the support line and rise to the resistance line of the pennant. After this, BNB can break this line, thereby exiting from the pennant and then continuing to move up. For this case, I set up my target at the 260 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BNBUSDT - Price can exit from wedge and fall to support levelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 After the price started to trades in flat, it first declined of support level to the support area, where BNB as few time traded. Later price broke $228 level again, rose to the top part of flat, and then started to trades higher than the support level. Then BNB exited of flat and rose to $245 level, which coincided with the resistance line of wedge, and soon bounced down to the support line. In wedge, the price in a short time broke $245 level and then rose to the resistance line of the wedge, but recently it fell to this level. Now, BNB trades near the support line and I expect the price can make a little movement up and then it bounces down to $245 level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
🌟🔍 Binance Coin (BNB) in a Critical Zone 📉💠 🚨 BNB's Risky Range: Binance Coin (BNB) is currently in a precarious range between $241 and $205. Its position within this zone could significantly impact the broader digital currency market. 📉 Lack of Support Below $205: There is almost no static support below the $205 level. A fall below this point could lead to undesirable market consequences. 📈 Potential Upside Movement: As long as BNB remains within this box, an upward movement could positively influence the altcoin market. However, reaching the box's upper limit of $241 could hinder the growth of other altcoins. 🛒 BNB Buying Strategy: Consider buying BNB after it crosses $241, with a stop loss around $200, which represents a risk of approximately 20%. 🔻 Downward Movement Impact: A downward trend in BNB could lead to a drop in altcoin values. I'll discuss the implications of BNB falling below $205 in more detail later. 💡 Personal Approach: I plan to wait and buy BNB after it surpasses $241 and then hold. 🔍 Key Resistance Ahead: An important resistance to watch is at $350. Beyond this point, there is no significant resistance. 🔑 Related Categories: Binance Coin Analysis Market Impact and Strategy Support and Resistance 📣 How are you navigating BNB's current position? Do you see an opportunity or a risk? Share your insights! 💬🌐 #BNBAnalysis #CryptoMarketImpact #TradeCityPro 📚 Remember: Cryptocurrency trading is highly speculative and risky. Always conduct your own research and consider your financial goals and risk tolerance! 🧠💼
by tradecitypro
14
HelenP. I Binance Coin can fall to trend line and then bounce upHi folks today I'm prepared for you Binance Coin analytics. A short time ago price declined below the resistance level, which coincided with the resistance zone, but soon it rebounded back and even rose to the trend line. After this BNB bounced from this line and made a strong impulse down to the support level, which coincided with the support zone, thereby breaking the 245 level. Also, the price started to trade inside a triangle, where it some time traded near the support level and later made a fake breakout of it. After the fake breakout, BNB continued to trade near the 228 level and a few moments ago it rebounded up to the trend line. In a short time, BNB broke this level, thereby exiting from the triangle, reached the resistance level, and recently rebounded back to the trend line, retesting it. At this day price trades near this line and I think that Binance Coin can correct to it again and then start to move up to resistance level. That's why I set up my target at this level - 245. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BNB at critical junctureBNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive correlation across crypto. Considering the recent price action and weakness in BNB relative to Bitcoin along with the CZ fiasco the probability of a downside break seems likelier. Watching closely to see how price action unfolds.
BINANCE:BNBUSDShort
by TheCheartBreaker
BNBUSDT - After retesting, price can start grow to $240Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price traded near resistance level, which their moment located in resistance area, and soon BNB broke it. After this, price made upward impulse to $272 points, but soon started to decline and in a short time fell to $225 level, breaking $245 Also, price started to trades in triangle, where it long time traded near $225 support level, which coincided with support area. Later price reached resistance line of triangle, made a little movement down, and then rose higher than this line, exiting from triangle. As well BNB made retest and now trades close to this line, and possibly Binance Coin can bounce from it and rise to $240 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
BUSD the next UST? Binance investigated! I think many of the Binance IPO whales will move away from BNB and BUSD after the news that the Securities and Exchange Commission (SEC) is investigating Binance for the issuance of its cryptocurrency token Binance Coin. A report from Reuters agency says that Binance unknowingly processed billions in illicit transactions, including illegal drug sales, hacks, and investment fraud totaling $2.35 billion! I think this could lead to sell-off in the crypto market if it proves to be true. Looking forward to read your opinion about it.
BShort
by TopgOptions
5
✴️ Prepare For Change | Better Safe Than Sorry (BNB Weekly)How would your trades, your positions, your portfolio, your balance, your Crypto be affected if there is a "change of management" in this exchange? I've seen sometimes where funds become stuck for a long time while certain legal situations are clarified. Sometimes a portion is lost, other times refunds can happen fast but with limitations... What I've never seen is a smooth, painless ride when there is a sudden, surprise, out of the blue "change of management". One of the most famous saying in the investment world goes like this: "Do not put all of your eggs in one basket". This is of course a precaution method. If you have all of your eggs in one basket and for whatever reason the basket falls, you are going to lose all of your eggs, but if you diversify, run away, you might end up being completely safe. The market normally moves as one. The market moves as a single living unit... Binance Coin produced waves in 2021 just like Bitcoin did. Somehow, this isn't the case anymore... While Bitcoin weekly is up, facing resistance, Binance Coin is down, facing support. I have no idea what is going to happen. We can never guess what the world has in store for us. But something that you get used to having today, tomorrow can be gone. TA Binance Coin (BNB) is trading above MA200 as the last support. This week it moved below EMA300 on multiple long-term bearish signals. Here is the weekly MACD: - Moved bearish. - Red histogram. - Jumping off a cliff. This is in stark contrast to BTCUSD. Here is the RSI: - It sits at 36. - Bitcoin's weekly RSI sits above 60. What one does, the rest follows? Nope... There is something going on. The charts are giving a strong warning that Binance Coin might detach from the rest of the market and this can only mean the worst. Namaste.
CRYPTO:BNBUSDShort
by AlanSantana
7
Binance Coin can exit from triangle and then fall to 225 levelHello traders, I want share with you my opinion about Biance Coin. By observing the chart, we can see that the price some days ago started to trades in a big range, where it first made a correction to 237 current resistance level. After this, the price rebounded and rose to the top part of the range, which coincided with the 256 resistance level and seller zone, but at once fell back. Then BNB some time traded near the 237 level and later made a strong upward impulse higher than the 256 level with the seller zone. Also price exited from range, and then it entered to triangle, in which it started to decline and in a short time fell until to support line, thereby breaking the 256 and 237 levels. After this movement, BNB rebounded from the support line of the triangle and tied to back up, but failed and now it trades near the resistance area. Possibly, Binance Coin can enter to resistance area, thereby exiting from the triangle and then the price starts to decline. So, I set my target at the 225 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
HelenP. I Binance Coin can start to move up to resistance levelHi folks today I'm prepared for you Binance Coin analytics. A short time ago price started to trades inside consolidation, where it first reached resistance 2 and then started to decline to resistance 1, which coincided with the resistance zone. After the price fell to this level, it at once rebounded and rose to one more resistance zone, which coincided with the top part of the consolidation. Then BNB bounced back and some time traded near resistance 1 and later price made a strong impulse up to 271 points, thereby breaking resistance 2. But soon, BNB around down and in a short time declined to resistance 1, breaking the 256 level again. As well soon, the price broke the 238 level too and fell below the resistance zone, but a not long time ago it rose to this zone and now trades near. For my mind, Binance Coin can rise to resistance 1, and try to break it. After the breakout, the price can make a retest, or at once continue to move up without a retest, That's why I set two targets, the first target at the 238 and the second - at the 248 levels. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen