Binance Coin grinds higher as CoinFlip adds BNB support
|- Binance is added to CoinFlip's cryptocurrency ATMs located in the US.
- BNB/USD stays in a short-term range amid a lack of direction.
The US-based Bitcoin ATM operator CoinFlip has joined Binance Chain ecosystem, making BNB available to US consumers in 35 states via 500 terminals. The coin can be purchased with cash along with a number of other popular digital assets including DASH, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tron (TRX), Komodo (KMD), ChainLink (LINK) and Stellar Lumens.
This development brings BNB closer to customers and boosts its mass adoption.
Notably, CoinFlip listed ERC20 version of BNB in March 2019, however, later on the support was revoked as Binance Chain Mainnet was launched. Now the company relists BNB on Binance Chain.
After due time, we have migrated onto the Binance Chain and have decided to relist BNB. Binance Chain is a community-driven blockchain software system.
BNB/USD: Technical picture
Binance Coin (BNB) is now the 9th largest digital asset with the current market value of $3.7 billion. The coin has gained 1.5% in recent 24 hours to trade at $23.82 by press time. The coin hit the recent low at $21.12 on February 17, moving in sync with the market.
The initial support is created by SMA100 4-hour at $22.80. If it is broken, the sell-off may gain traction with the next focus on the recent low at $21.12, closely followed by psychological $21.00.
On the upside, a sustainable move above $24.00 is needed to improve the short-term technical picture. Once this barrier is out of the way, $24.70 (SMA50 4-hour) and psychological $25.00 will come into focus. This area separates the coin from a stronger recovery towards the recent top of $26.26.
BNB/USD 4-hour chart
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