There is no doubt BNB is a strong long term investment. Binance is the leading Exchange with Billions of transactions in a day. As per the current situation BNB is very much Bullish and will reach to T1 and T2 in coming weeks.
There are multiple reasons
1. BNB burn event is expected to be in June-July.
2. There is strong hold demand
3. The accumulation zone is having strong support as compared to BTC movement.
Long term analysis of BNB:
1. We haven't experience Moving average 50/100/200 getting hit for long time which is a strong sign that its in the Bullish uptrend.
2. RSI is going to enter overbought zone when the Price spikes, we must expect a new overbought zone very soon.
3. BNB entered to oversold section a year back which is strong signal that users are not interested to sell.
The faith factor also shows there is no major selling as compared to Buying.
I am bullish, best of luck.
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in the publication constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
There are multiple reasons
1. BNB burn event is expected to be in June-July.
2. There is strong hold demand
3. The accumulation zone is having strong support as compared to BTC movement.
Long term analysis of BNB:
1. We haven't experience Moving average 50/100/200 getting hit for long time which is a strong sign that its in the Bullish uptrend.
2. RSI is going to enter overbought zone when the Price spikes, we must expect a new overbought zone very soon.
3. BNB entered to oversold section a year back which is strong signal that users are not interested to sell.
The faith factor also shows there is no major selling as compared to Buying.
I am bullish, best of luck.
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in the publication constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.