The currency prices predicted at $ 600 million flowing to the BNB Treasury star-news.press/wp

BNB TOKEN can be close to registering a march after a company listed on the Nasdaq Stock Exchange bought a value of $ 50 million of BNB distinctive symbols. The Binance Coin price is trading at $ 658 today, July 4, after it decreased by 0.8 % in 24 hours, while $ 1.49 billion was traded at the same time. In total, $ 600 million has been committed towards BNB Treasury in the past 30 days.

BNB Bulls defends $ 600 after purchasing a cabinet of $ 50 million

BNB PRICE has created a strong support at $ 600, given the fact that it has been circulated above this level since early May. The sudden interest by institutions towards the distinctive symbol after the last launch of the BNB Treasury increases the possibilities of the price that carries this level before the next upward leg, which will likely lead to the highest level ever.

As Coingepe mentioned, Nano Labs bought BNB codes of $ 50 million as part of its plans to obtain the Treasury Department, which includes this altcoin. This purchase comes about one week after the company revealed that it will allocate a billion dollars for currency collection efforts. In other relevant news, executive officials of the Crypto Hedging Fund have committed $ 100 million for the BNB wardrobe, which amounts to $ 600 million in the past 30 days.

The purchase process increased the interest around the BNB code after the social dominance of the currency increased to the highest level in two months, for two months, for every two months, Santiment dataThis indicates that there are many merchants talking about BNB. If this interest remains high, the battle currency price is likely to collect.

Besides the Treasury, Maxweell was launched on the network earlier this week, and this also attracts many market interests towards Binance.

The price of the coin, the ophthalmology, 20 % gathering amid the pressure of the triangle

The price of the Binance currency can be close to the assembly due to a similar triangle style, and since the prices are pressed inside this triangle, it may explode in either direction. However, the collapse of the upper resistance line is a more likely scenario because the price tests the level of resistance there. If he can get out of this, the BNB price may accumulate by 20 % to the next goal of $ 794.

Prices will also play the price of the bullish coin in this triangle style due to the MFI index, which rises to show that the purchase pressure was growing. At the same time, the Bolinger ranges are pressing, and this puts the most urgent goal that the price will reach at $ 694.

If the price can rise to the upper range, it may make buyers return to the market again, and this may be the event that allows the BNB price to gather 20 % of the triangle resistance line.

Will the short pressure to be healing?

There was a significant decrease in the BNB financing rate, given that the distinctive symbol had recorded a single -month negative financing rate. When this happens, it shows that the majority of merchants open short sites as they are betting on the low price.

Although this may show that the feelings are declining, it also creates an opportunity to recover it if there is a slight increase in the price of Binance, and that these open sellers buy BNB to close their sites.

Therefore, given the ongoing developments around the Binance currency, such as the BNB wardrobe and the network upgrade of $ 50 million, it is possible that the price is separated from the similar triangle with a 20 % rare. If this happens, a huge liquidation event may occur, which may support more gains.

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Welcome

Muthoni Mary is an analyst and writer in the experienced encryption market that has more than three years of experience deciphering Blockchain trends, price movements, and market dynamics. She holds a Bachelor’s degree in (Financial) Trade from Kenyatta University, and mixes the strong academic basis with the sharp eye of technical analysis and a deep understanding of the data on the series. Its work provides clear data -based visions that enable investors to move in the area of ​​advanced digital assets with confidence. When the market does not analyze, Mary has reading and traveling.

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