So how this could affect the price of the Binance coin in the future? Well, transparency is something that gives confidence to the users, thus increasing Binance reputation. In august, Binance CEO Changpeng Zhao said: "Question is not 'how much does Binance charge to list?' but 'is my coin good enough?'"
Let’s get back to the price action after the Binance official statement about the fees. Not much action in BTB/BTC price today as coin traded around btc 0.0016 under the low .
In fact, since 14th of August, Binance coin has been ranging between btc 0.0015 support and 0.00170 resistance. But, what is interesting is that on the 2nd of October price broke above the 50 and 200 Moving Average simultaneously. This might indicate that further upside growth is to come shortly, and whether the btc 0.0017 resistance will be broken or not is yet to be seen.
The oscillator broke above the downtrend and the upper of the , which also implies BNB/BTC intentions.
But on the downside, BNB is forming a pattern, although the neckline ( btc 0.0015) is still holding. In order for the trend to turn , daily break and close below the neckline is required. Therefore as the price remains above this support, uptrend continuation seems to be more probable.