BNB Chain cools off after 24% surge, but strong fundamentals could back the n...
BNB price took a brief breather after a recent double-digit rally, but the network’s TVL and DApp use are reasons for investors to remain bullish. After an impressive 23.7% rally between Oct. 25 and Oct. 31, Binance’s BNB (BNB) coin has faced a strong rejection from the $330 resistance. Is it possible that the two-day 6% sell-off from the $337.80 peak could indicate that further trouble is ahead?Let’s take a look at what the data shows.BNB 12-hour chart on Binance, USD. Source: TradingViewAnalysts pinned the recent rally to the Oct. 28 news that Binance invested $500 million in Twitter.....
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