Technical Analysis:
The BNB price has done well in the past few years. The incredible story of how a currency that was valued at less than $25 million a few years ago reached a market cap of more than $87-98$ billion.On the four-hour chart, we can see that the BNB price has formed an ascending channel, and the price still under bullish towards the next resistance 750$ daily and weekly bass charts.
The uptrend is also being supported by the 50-day since the Start of the year 2021. It is also slightly above the important resistance level at $673, where it had struggled to move above several times before. Therefore, in my view, the currency will keep surging as bulls target the next key resistance at $750 ad father more upside 1000$ if Bitcoin Holding support level above 48,000$
Any dip at this point should be considered a dip or correction towards support level 50-day MA price 515$. If Bitcoin breaks below support levels 48,200$ and 45,000$ we could see all crypto markets under big correction and the BNB price Freefalls towards 100-day MA $365 support.
Meanwhile, Binance is not taking advantage of the recent surge in stock prices to go public. Like Coinbase, In an interview with Bloomberg, the company’s founder and CEO said that the company was looking to stay private for a while just as Bloomberg has been private for a decade.
Fundamental factors:
• In June 2021, Binance will launch Binance NFT.
• On Earth Day, Binance Charity announced plans to raise $1 million AUD to restore wildlife habitats impacted by the 2019 Australian bushfires. Learn more about “Tree Tokens”, a new cryptocurrency designed to bring transparency and accountability to charitable giving.
• Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 (USD) worth of tokens. Binance CEO CZ also talked about the rise of Binance Smart Chain, the crypto bull run.
• April 12, 2021 Binance launched zero-commission, tradable stock tokens. Now, you can access both cryptocurrency and traditional stock markets, all from the comfort of your , Binance account
• Microstrategy (MSTR), Apple (AAPL), and Microsoft (MSFT) Stock Tokens will be made available on Binance ( 26-04-2021)
• CEO Continue helping price upside with his tweets. (Dip Call)
: Binance smart chain project:
On BSC, Battle Pets, PancakeSwap, and BakerySwap have all pushed further the limits of what an NFT can do. Both Battle Pets and BakerySwap combine collectibles with (DeFi) staking for their tokens. PancakeSwap is also experimenting with NFTs that merge collectability, financial utility, and gamification.
1. BakerySwap: Collectible NFTs
2. Battle Pets: Gaming NFT
3. PancakeSwap: Financial NFTs
🛑SUPPORT/RESISTANCE
✅S1= 510$
✅S2=365$
✴️R1=680$
✴️R2=750$
Please like, share, comment, and follow me to get a daily base analysis.
Thank you for your support, I appreciate it.
The BNB price has done well in the past few years. The incredible story of how a currency that was valued at less than $25 million a few years ago reached a market cap of more than $87-98$ billion.On the four-hour chart, we can see that the BNB price has formed an ascending channel, and the price still under bullish towards the next resistance 750$ daily and weekly bass charts.
The uptrend is also being supported by the 50-day since the Start of the year 2021. It is also slightly above the important resistance level at $673, where it had struggled to move above several times before. Therefore, in my view, the currency will keep surging as bulls target the next key resistance at $750 ad father more upside 1000$ if Bitcoin Holding support level above 48,000$
Any dip at this point should be considered a dip or correction towards support level 50-day MA price 515$. If Bitcoin breaks below support levels 48,200$ and 45,000$ we could see all crypto markets under big correction and the BNB price Freefalls towards 100-day MA $365 support.
Meanwhile, Binance is not taking advantage of the recent surge in stock prices to go public. Like Coinbase, In an interview with Bloomberg, the company’s founder and CEO said that the company was looking to stay private for a while just as Bloomberg has been private for a decade.
Fundamental factors:
• In June 2021, Binance will launch Binance NFT.
• On Earth Day, Binance Charity announced plans to raise $1 million AUD to restore wildlife habitats impacted by the 2019 Australian bushfires. Learn more about “Tree Tokens”, a new cryptocurrency designed to bring transparency and accountability to charitable giving.
• Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 (USD) worth of tokens. Binance CEO CZ also talked about the rise of Binance Smart Chain, the crypto bull run.
• April 12, 2021 Binance launched zero-commission, tradable stock tokens. Now, you can access both cryptocurrency and traditional stock markets, all from the comfort of your , Binance account
• Microstrategy (MSTR), Apple (AAPL), and Microsoft (MSFT) Stock Tokens will be made available on Binance ( 26-04-2021)
• CEO Continue helping price upside with his tweets. (Dip Call)
: Binance smart chain project:
On BSC, Battle Pets, PancakeSwap, and BakerySwap have all pushed further the limits of what an NFT can do. Both Battle Pets and BakerySwap combine collectibles with (DeFi) staking for their tokens. PancakeSwap is also experimenting with NFTs that merge collectability, financial utility, and gamification.
1. BakerySwap: Collectible NFTs
2. Battle Pets: Gaming NFT
3. PancakeSwap: Financial NFTs
🛑SUPPORT/RESISTANCE
✅S1= 510$
✅S2=365$
✴️R1=680$
✴️R2=750$
Please like, share, comment, and follow me to get a daily base analysis.
Thank you for your support, I appreciate it.