IS BINANCE (CZ) GOING TO PROVE STABILITY +MOVEMENT OF BNB SOON
Binance, one of the largest and most reputable exchanges, has recently faced FUD (fear, uncertainty, and doubt). The value of Binance's cryptocurrency, BNB, has also seen a breakdown trend in a lower time frame.
However, data suggests that BNB has the potential to recover and reach the $300 USD mark or higher.
The weekly chart shows a positive view and confirmation.
Binance exchange will be able to support the BNB price action, and what matches CZ plans for BNB, expecting that BNB can have a great background.
If we check the historical price action of BNB, then we see an area where the normal price action is, and that's around the $300 USD price action.
We give it a good chance of returning to its normal level and potentially reaching an uptrend. this outlook is based on day trading and should not be taken as investment advice. The exact direction of the price action is uncertain and will depend on future market conditions.
At last, I will not be surprised if we see BNB returning back above 300 USD since we know the mentality of thinking of CZ, and most follow CZ would have around an idea about the large exchange at this moment by this news views.
We don't know the future, it's 100% view expecting, and let time show what it's coming for BNB.
Know that every invest in a crypto is very risky with no plan.
However, data suggests that BNB has the potential to recover and reach the $300 USD mark or higher.
The weekly chart shows a positive view and confirmation.
Binance exchange will be able to support the BNB price action, and what matches CZ plans for BNB, expecting that BNB can have a great background.
If we check the historical price action of BNB, then we see an area where the normal price action is, and that's around the $300 USD price action.
We give it a good chance of returning to its normal level and potentially reaching an uptrend. this outlook is based on day trading and should not be taken as investment advice. The exact direction of the price action is uncertain and will depend on future market conditions.
At last, I will not be surprised if we see BNB returning back above 300 USD since we know the mentality of thinking of CZ, and most follow CZ would have around an idea about the large exchange at this moment by this news views.
We don't know the future, it's 100% view expecting, and let time show what it's coming for BNB.
Know that every invest in a crypto is very risky with no plan.