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Binance Coin Price Analysis: 02 April

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Binance coin‘s [BNB] market has been noting a strong uptrend on the charts in the short term. In fact, BNB’s hourly chart seemed to indicate that the altcoin’s price had surpassed its immediate resistance […]

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Binance Coin short-term Price Analysis: 2 October

As the collective digital asset industry stepped into Q4 2020 with a bearish tune, Binance Coin suffered quite a significant drop. With the price consolidating near $30 on 30th September, a quick turnaround led to a decline to $25.8. While over the past few hours, BNB has bounced back to $26.46, the volatility in the […] The post Binance Coin short-term Price Analysis: 2 October appeared first on AMBCrypto.

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Binance Coin long-term Price Analysis: 23 September

Disclaimer: The following price prediction should not be considered as investment advice. While the majority of the altcoins always follow Bitcoin‘s market trail, some of them have lately followed their own path. Chainlink is a prime example. For a brief window, Tron was performing really well on its own and lately, it has been Binance Coin. When the market declined last week, Binance Coin was one of the altcoins that held its own in the space for a while, but then it folded as selling pressure increased across the digital asset space. However, the recent analysis looked upon the possibility…

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Binance Coin short-term Price Analysis: 20 September

Binance Coin has registered an amazing rally over the last few months. However, by the looks of it, the aforementioned rally has reached its destination and the cryptocurrency’s price may be due for a drop soon. With 1 BNB trading at $26.95, at the time of writing, the chances of BNB heading down the charts are plenty. Binance Coin 1-hour chart Source: BNBUSD on TradingView The one-hour chart for Binance Coin showed the formation of a symmetrical triangle. However, the moving averages 20 [yellow] and 200 [purple] also revealed BNB’s potential direction. BNB’s price, while it already breached the 20…

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Binance Coin short-term Price Analysis: 18 September

Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Just like Bitcoin, Binance Coin has been holding its own at the top of the recovery curve over the past week. Without undergoing a significant drop, Binance Coin has retraced from the support at $26 but failed to attain a position above $29. With sideways movement pretty prominent in the chart, Binance Coin registered a market cap of 4.04 billion with a trading volume of $724 million over the past day. Binance Coin 1-hour chart Source: BNB/USD on Trading View…

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Binance Coin long-term Price Analysis: 13 September

Amidst all the DeFi and yield farming ruckus, Binance has recently come up with its new decentralized Binance Smart Chain [BSC]. This DeFi chain has access to its centralized exchange and Binance is putting up $100 million to support projects on the BSC. Riding on the news of this exciting foray, Binance’s exchange token – BNB – has surged by 81% in the last 8 days. In light of Bitcoin’s drop and subsequent sideways movement, this is astonishing. Binance Coin 2-day chart Source: BNBUSD TradingView The 2-day chart showed a huge divergence to begin with – The price had formed…

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