Binance Coin Critical Test: Will BNB Hold Or Plunge To $214?
According to data from CoinMarketCap, the Binance Coin (BNB) recorded a trading week with no significant events, resulting in a net gain of 1.78%. Amidst much uncertainty in the crypto market, the altcoin has experienced a major dual price trend in February resulting in a price change of
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Less than a week ago, Test ($TST) was listed on Binance and it went on to make astounding gains. Binance founder and ex-CEO Changpeng ‘CZ’ Zhao has distanced himself from Test ($TST) after it was listed on the exchange. The coin was a test coin created based on a BNB Chain tutorial, and has no purpose or utility. But the buzz around it grew, leading $TST’s value to rise by 688% over the past week and reach a $200M market cap. In other news, that landfill reported to hold a $768M Bitcoin hard drive could shut its doors this year. Coincidence or not, this shows just how important crypto....
BNB price ranges below 50 and 200 EMA on the daily timeframe. BNB shows bullish strength on the 4H timeframe as price breaks an asymmetric triangle. The price could be poised to retest the 1D and 4H resistance of $280. Binance Coin (BNB) price showed bullish strength in recent weeks, but the price has failed to match that run against tether (USDT). With the price of Binance Coin facing resistance to breaking above $337, acting as a tough resistance area, the price of BNB has maintained a downtrend as the price broke its bullish structure. (Data from Binance) Related Reading: Why....
Binance coin price is up over 7% and it is outperforming bitcoin against the USDT. BNB could rally further if it clears the $35.50 resistance zone in the near term. Binance coin price is gaining bullish momentum above the $32.00 resistance against the USDT. The price is testing a major hurdle near $35.50 and the […]
XRP has undergone a strong plunge over the past 24 hours after it was revealed that the U.S. Securities and Exchange Commission is targeting Ripple. Per CoinGecko, the coin is down 20% in the past 24 hours alone. The coin currently trades for $0.37 and has once again become the fourth largest crypto asset by […]
Proof of Keys day was created as a test for third-party bitcoin custodians. Let’s evolve it into an educational celebration of private keys. The post Proof Of Keys: A Critical Test For Bitcoin appeared first on Bitcoin Magazine.