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Binance Coin | Why BNB Moved Lower ? 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 (𝐁𝐍𝐁) 𝐬𝐚𝐰 𝐠𝐚𝐢𝐧𝐬 𝐨𝐟 𝐨𝐯𝐞𝐫 𝟏𝟑,𝟎𝟎𝟎% 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐮𝐩 𝐚 𝐦𝐨𝐝𝐞𝐬𝐭 𝟔𝟓%. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐍𝐁, 𝐰𝐡𝐲 𝐝𝐢𝐝 𝐢𝐭 𝐬𝐞𝐞 𝐬𝐮𝐜𝐡 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐠𝐚𝐢𝐧𝐬 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐝𝐨 𝐰𝐞 𝐩𝐫𝐞𝐝𝐢𝐜𝐭 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧’𝐬 𝐩𝐫𝐢𝐜𝐞 𝐭𝐨 𝐛𝐞 𝐢𝐧 𝟐𝟎𝟐𝟐? BNB is the native token of Binance Exchange, the world’s largest exchange by daily volume that was co-founded by Changpeng Zhao in 2017. Binance has an estimated 30 million users, with its peak daily volume touching $76 billion in 2021. Within Binance’s ecosystem is Binance Smart Chain (BSC), a blockchain that runs smart contract-based applications. 2021 was a big year for BSC, thanks in part to Ethereum’s slow speeds and high fees seeing many users move over to BSC. Beyond that was the success of new projects based on Pancakeswap, that were alone responsible for more transactions on BSC than the Ethereum network achieved in total throughout the whole year. Projects like Radio Caca (RACA) and EverGrow crypto (EGC) were amongst the most purchased on Pancakeswap in 2021. As an example, EverGrow, which was launched just 3 months ago, has already accumulated 120,000 holders, and has been responsible for 1.3 million transfers on the Binance Smart Chain. This new project, which still sits at a very modest $400 million market cap, can be purchased by swapping either BNB or BUSD (Binance’s USD pegged currency) for EGC on Pancakeswap. In addition, the project has paid over $30 million of BUSD rewards to their holders since launch. Such use cases add more and more value to Binance Coin itself, particularly when you consider than many analysts see EverGrow as the potential next 100x for 2022. Should these predictions pan out, EverGrow alone could be responsible for billions of dollars of BNB demand in 2022. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 – 𝐝𝐨 𝐰𝐞 𝐞𝐱𝐩𝐞𝐜𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐁𝐍𝐁 𝐦𝐚𝐤𝐞 𝐧𝐞𝐰 𝐡𝐢𝐠𝐡𝐬? With BNB currently sitting around $450 we see potential for $997 by the end of 2022, which would be a 110% increase. Several other coin prediction websites had similar price targets ranging from $850 to well over $1000. The overall sentiment is a bullish one and we expect to see a lot from BNB, and indeed Binance itself in 2022. 𝐓𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐧 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 𝐁𝐍𝐁 𝐩𝐫𝐢𝐜𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐧 𝟐𝟎𝟐𝟐: The S&P 500 is trading near its all-time high, but Binance coin BNB has plunged about 16% over the last 30 days due to a sudden decline in bitcoin prices. Even after the drop, the BNB price is 1000% up over the previous 354 days. Launched only a year ago, Binance, the world’s biggest crypto exchange, the Binance Smart Chain is compatible with the Ethereum Virtual Machine. Binance recently made a major announcement related to Binance Coin BNB, which includes implementing a new Auto-Burn protocol to replace its current quarterly burn mechanisms. 𝐈𝐧 𝟐𝟎𝟐𝟏, Pancakeswap, a decentralized crypto swap exchange, was responsible for more BSC transactions than the entire Ethereum network. Some of the most purchased tokens on Pancakeswap V2 swap in 2021 include EverGrow (EGC) and Radio Caca (RACA). New tokens like Evergrow are solely responsible for generating hundreds of thousands of transactions daily for the Binance chain. EverGrow is the first hyper-deflationary token that rewards its holders in BUSD that is generated from every buy/sell/transfer transaction in EGC tokens. EverGrow contracts distribute 8% of every transaction among its holders. Evergrow recently announced that in just 12 weeks, they have added 118K+ wallets as holders on the Binance chain and distributed more than $30 Million BUSD in rewards. It ultimately means its contract executes thousands of transactions every day to send rewards to its holder. Although Binance chain transaction fee is much lower compared to the Ethereum chain, it still means millions of dollars worth BNB being locked on Pancakeswap liquidity pools and paid in gas fees. Reward-based tokens like Evergrow are being considered the future of dividend-paying stocks or staking pools because the rewards to be distributed among holders are generated from daily trading volume instead of inflating the circulating supply by minting new tokens every day. Crypto has gained more than 189,00% since its launch. The success story of EGC has inspired hundreds of new BEP20 tokens to launch on the Binance chain and contributed millions of dollars in daily trading volume. EverGrow is a relatively new currency, but its future looks bright as the currency is yet to launch its utilities, including play-to-earn games, NFT lending platform and Buy/Sell marketplace, content subscription platforms, etc. If these early-stage projects continue the initial success, then Binance coin BNB and BSC might soon overtake the Ethereum chain in total transactions executing daily on its blockchain. Currently, each block on the Binance chain is confirmed in approximately 3 seconds. In the past 24 Hours, more than 7M transactions were executed on the Binance chain. The short terms prediction for BNB looks bullish. According to technical indicators, the 20-day EMA for BNB is flat, and the RSI is just above the midpoint, suggesting a status of equilibrium between the bulls and the bears. Binance coin BNB price could first rally to $570-$575 and then rise to $620. There is strong technical support for BNB at $500. If the price breaks above $575, BNB could first rally to $617 and then to the overhead resistance zone at $668.40 to $690.50, which will mean that the correction may be over for the significant gains BNB price made this year. - 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Trading & Investing both are the master of RISK. Please comment, like and follow if it was helpful for you. Thank you for your time. Have a profitable day. | Review and analysis by Samadi.Finance |
by AliSamadiTR
BNBUSD The conditions it needs to rallyIt has been more than a while, in fact March 11 2021, since I last analyzed the Binance Coin: Ever since it hit the Target Zone, it fell into a Correction and new Accumulation Phase like the rest of the market. A similar Accumulation Phase that we last saw within September - December 2020. BNB was under the pressure of Lower Highs, but still within a Channel Up. This trend-line broke, once the CCI on the 1D time-frame started forming Higher Lows. That was when the price put all the dynamics in motion to initiate the January - February rally. Almost a year later, the price has started again to meet those very same conditions one by one. Once the CCI makes its first Higher Low, it will be our confirmation to buy BNBUSD for a new February rally. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:BNBUSD
by TradingShot
3
BNBBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. You can see that the price was able to break the S1 line. Now it is making its pullback to the S1 line. If it stabilizes above the S1 line, you can buy it for higher targets. If it goes below the S1 line, then S2 would be the good place to buy. You can also see that there is an inverse head-and-shoulder pattern. If that is the case then the right shoulder needs to be completed and the price can go up to at east the shown area on the chart. There is also the R1 line which is the target for the price if the head-and-shoulder pattern is going to be completed. In the bigger picture, there is also a Flag pattern formed which indicates that the price can go up much much higher. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
BNB, three reasons for a pump soon 🚀✅Our subscribers have asked for an analysis of the local situation on the BNB chart. Personally, we rarely trade the usual technical analysis. Most people know that we trade based on trading indicators that analyze technical, fundamental and social analysis. If we buy altcoins, it is only medium-term trading because it is more profitable than scalping or day trading. But in any case, let's analyze BNB from the side of technical analysis. On the chart you can see an important key level of $502. And also the fact that the price for a long time compressed near the key level. This is a good signal, a signal for a breakout. I would also like to highlight that with each fall there was a large volume. In case of a breakdown, the price is very likely to reach the resistance area, which is marked above. Since all altcoins are correlated and fully dependent on bitcoin, we recommend you to watch the latest bitcoin analysis in order to understand the whole market situation. Guys, we often share very useful and unique analytics, every new subscriber is welcome. Below are all the links to contact us 💚
Long
by AlexWhale
BNB Binance Coin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Binance Coin (BNBUSD). The chart is self-explanatory. The price is in a Descending Broadening Wedge pattern and is at the multi-month Support and Resistance trend line and looking to break back above it. The price is also above the 200 MA (simple moving average) and inside the green Ichimoku Cloud. The Volume is still low. The RSI is making another attempt to break the resistance line. If it moves up, expect resistance towards the 0.618 Fibonacci Retracement level. If it breaks down, expect support at the dash line noted in the chart where price got supported multiple times. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
B
by MillionaireEconomics
4
BNB/USDT TA UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BNB/USDT TA Update. BNB bounced off from its important support zone of around $400 very nicely and currently trading above $450. As you see in the chart, BNB is facing some resistance around $460-$470 (white trendline) so I'll not recommend buying here. I think it's better to wait again to come to the support zone than it's a good buying. BNB has a lot of potentials and sooner or later it will touch the $1000 mark. Support/Entry zone:- $390-$420 Resistances?Targets:- $490/$530/$600/$650 If BNB breaks and holds its daily candle below $370 then I'll exit. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
BNB - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: right BNB is overall bullish trading inside the blue channel and is now approaching the lower trendline and 400.0 support, so we will be looking for trend-following buy setups. on H4: left BNB is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:BNBUSDLong
by TheSignalyst
8
BNBUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. We have the resistance line R3 which the price has hit several times but could not break it and on its last try it had a failed breakout. Now it is fluctuating around the S1 line. If the S1 line is broken completely the next support would be S2. It is also likely for the price to make a pullback to the R1 line and then fall down to the S2 line. Th price needs to stabilize above the R1 line to be able to move toward the R2 line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
Binance Coin Price Analysis —January 10Binance Coin (BNB) resumed its downward spiral on Monday, as it became apparent that bears are now in control of the market bias. BNB now trades along my multi-month-long descending trendline towards the $410 - $400 support area. That said, I expect to see a bearish continuation over the coming days along the trendline as we continue to witness a breakdown of the bull cycle. Meanwhile, my resistance levels are 436, $450, and $460, and my support levels are $410, $380, and $350. Total Market Capitalization: $1.91 trillion Binance Coin Market Capitalization: $70.8 billion Binance Coin Dominance: 3.7 % Market Rank: #4
BShort
by Mr_Wogbe_Alex