The fourth largest crypto currency by market capitalization of the crypto currency industry Binance Coin (BNB), he made a significant performance, earning in excess of $500. BNB has reached the critical level of $ 500.
Binance Coin (BNB)
One of the most popular cryptocurrencies is Binance Coin, it has regained its $500 price band as of today. BNB has managed to touch $500 by recording an increase of over 10% in the last 24-hour time frame. The popular crypto currency has pleased its investors by successfully breaking the critical resistance zone of $ 450 to $ 475.
On May 10, 2021, BNB reached an all-time high of $690. Due to the fact that the general trend of the crypto currency market is downward, which has fallen BNB it had declined to $230. BNB, one of the leading altcoins in the recovery phase, continues its upward trend.
According to Binance Coin’s daily charts, the RSI is located in the overbought zone. The MACD confirms the upward trend, while the Bollinger Bands are on an upward course.
Binance Coin, it is still trading at the 500 dollar level. A strong overcoming of this level can give impetus to an upward trend. the appearance of $ 550 and then $ 600 will pave the way for BNB to develop an all-time high.
The Binance Exchange Is Going Through a Historic Process
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, is having a difficult time with financial authorities. Binance, he received warning letters from many countries of the world. In particular, the UK has imposed heavy sanctions on the stock market, causing British banks to disconnect from Binance.
Binance, which continues its operations under pressure from European and Asian financial authorities, CEO Changpeng Zhaowith the statements of , he went for a change of strategy. Zhao noted that Binance will remain in line and in constant communication with financial regulators, regulate their operations.
The lawsuits filed with these are in the context of the notes given Binance Coin (BNB) Heavy has been through. However, the popular crypto currency that has continued its path has managed to become one of the best performing altcoins in the turnaround phase.