BNB Overview: Is Binance Coin A Good Trade? [Video]
|BNB/USD Price Action
Binance coin has recently made it to the top 10 largest cryptos based on market capitalization and its price action seems to have picked up.
After bottoming out at $4.38 back in December, the BNB/USD pair has started a gradual uptrend which resulted in a break above some key pivot levels as well as the daily Ichimoku Cloud. While we could see a pullback towards $7 in the near term, the bulls appear to be in charge at the moment. So the next stops for BNB could be $9 and $11 respectively. It still may take some time for BNB to reach the all-time-high level of $25 or even break above it. Of course, on Bincance exchange you can only buy BNB versus crypto tokens like Bitcoin so you need to convert this technical analysis accordingly.
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