Binance Coin regains 20% in a day: Why is BNB seeing such a strong recovery?
BNB price rallied by more than 20% in the last 24 hours due to several key reasons. The price of Binance Coin (BNB), the native cryptocurrency of Binance and Binance Smart Chain, rallied by more than 20% in the last 24 hours. BNB/USDT 15-minute price chart (Binance). Source: Tradingview.comThe swift recovery comes after a market-wide correction on April 18, during which major cryptocurrencies including Bitcoin (BTC) and Ether (ETH) saw a sharp decline. ETH price, for instance, declined from $2,400 to as low as $1,900 in a sudden pullback as Bitcoin plunged below the $60,000 support level....
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Binance coin price started a fresh rally above the $250 resistance against the USDT. BNB is gaining momentum and it is likely to clear the $300 barrier in the near term. Binance coin price started a fresh rally above the $250 and $260 resistance levels against the USDT. The price is now trading well above […]
BNB price (Binance coin) is gaining pace above the $320 level against the US Dollar. It could rise further toward $350 or higher, similar to Bitcoin. Binance coin price is showing bullish signs above the $315 level against the US Dollar. The price is now trading above $320 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $312 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could trade to a new high above $350 in the near term. Binance Coin Price Regains Strength In the past few days, BNB price....
Binance Coin, the native cryptocurrency of Binance Chain, has been surging with a massive uptick in transaction volume. Binance Coin (BNB), the native cryptocurrency of Binance Chain and top digital asset exchange Binance, is starting to close in on Ether (ETH) in market capitalization. As of Monday, BNB is valued at $87 billion at the price of just under $600. The valuation of Ether is hovering at around $246 billion, which is 2.8 times larger than that of Binance Coin.$BNB volume > $BTC volume. Congrats @Binance @cz_binance pic.twitter.com/vLkdGBnnIt— Joe Grech (@JoeBGrech) April 12,....
BNB price (Binance coin) is attempting a recovery from $202 against the US Dollar. The price could start a strong increase if it clears the $215 resistance level. Binance coin price is slowly moving higher from the $202 zone against the US Dollar. The price is now trading below $230 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum above $215 and $216. Binance Coin Price Eyes Fresh Increase In the past few days, BNB....
Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]