Binance Coin Buying Volume Up – Will This Push BNB Up To $275 Level?
Binance Coin (BNB) had an opportunity for a price rally last week after its parent company finally completed the scheduled token burn for the third quarter of the year. BNB price slightly corrected after going up by almost 4% following the latest burning of Binance tokens Binance established $260 as its support level The altcoin might fall to $250 before continuing its price rally With that, the total number of burned (destroyed) BNB tokens reached 2,065,152, which is worth over $563 million. Shortly after, Binance went up by 3.75% to trade at $274.6, confirming the asset’s positive....
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Binance Coin (BNB) is currently inching towards the $275 level. The bulls are expected to likewise push harder and selling pressure should go back to normal in the next 24 hours. Are we seeing a major rebound in the next couple of hours? The crypto market has been predominantly strong over the last 24 hours. Everything is looking green for the crypto space. The king of crypto, Bitcoin was up by 6.77%, Ethereum gained 6.2%, while other major altcoins are flourishing. BNB/USD has extreme volatility seen in the last 24 hours, trading in the range of $255 to $275 or a trading volume increase....
Binance Coin (BNB) seems to thrust upwards targeting the $350 mark with the support level spotted at $275 and resistance at $295. According to CoinMarketCap, the Binance Coin’s price has spiked by 3.06% or $300.17 as of this writing. Meanwhile, BNB has tapped on the support zone at $240 instigating a bullish movement that would push it closer to the $300 mark. On the other hand, the coin is still met with rather strong selling pressure. Generally, the crypto market has been making positive price jumps signaling a bullish rally seen in the past 24 hours. Chart: TradingView.com Bullish....
Cardano showed an uptrend after it was trading laterally, the coin has now settled above the $0.47 support mark. Over the past week, the coin gained 7.2% but over the last 24 hours ADA lost 1% of its market value. After the consolidation, the coin targeted its immediate resistance mark. If the coin continues to remain at the current price level then bulls can be back in the market for a longer time period. The buyers also seem to be back in the market which has pushed ADA to show signs of relief. If buying strength loses its vigour then, the coin can move to $0.45, post which the coin can....
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,....
Bitcoin has been on a continued downfall after losing close to 33% over the last seven days. In the last 24 hours, BTC lost close to 6% and was moving towards its next support level. There has been immense choppiness in the market, with BTC steadying around the support level of $23,000 and then falling right through that level again. Bitcoin again bounced off the $20,000 price level as it was trading slightly above that level at the time of writing. Fall from the current price level can push the coin towards the $17,000 support mark. Traditional financial markets also have suffered the....