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#BNB🔥 Bitcoin Prices Fall After Tech Earnings. The Fed Is Next.🤔 . Binance Coin (BNB) Form Bullish Flag ✅
Pattern, Readies for Rally ✔️
For most of 2024, the price of Binance Coin (BNB) has been on a downtrend as the crypto market battled bearish sentiment. BNB dropped to a yearly low of $287 after losing more than 15%. Nonetheless, the development of a bull flag pattern may signal the beginning of a trend reversal.
The bullish pattern is active, and BNB has already risen beyond $310. BNB may rise above the $350 barrier level in the upcoming days if the pattern persists. There are indications that the protest might go on. First, more and more dApps are being used on the BNB blockchain network
Can one really expect to earn $1,000 daily on Binance?🤑
While it is feasible to make a tidy profit trading on Binance, doing so on a daily basis demands a certain level of expertise, market timing, and luck.✔️
You should know what you're getting into and have reasonable expectations when you trade.✨
If I want to trade on Binance, how much money do I need?🤔
How much money you'll need to trade on Binance is totally up to you and your trading strategy, risk appetite, and overall financial status.🧠
Never risk more money than you can afford to lose while trading. Start small and build up your capital gradually.💯
Can you tell me about the hazards of trading on Binance?🤔
Due to the extremely unpredictable. character of the cryptocurrency market, where values may change rapidly, there are inherent dangers in trading cryptocurrencies.
It is critical to understand these dangers, use appropriate risk management methods, and invest only what you can afford to lose.🫣
Is technical analysis the only tool I need to trade on Binance?🤔
Trading with technical analysis is helpful, but there are other considerations that should be taken into account as well. The value of cryptocurrencies could be affected by fundamental research, market mood, and news stories.🫡
🌟Will the Meme Coin Sector Recover Enough to Cause Bonk to Reach $1?
In the last day, the cryptocurrency market has gained 2.5%, while the Bonk price has soared by 9%, reaching $0.00001171.
The market-wide sell-the-news response to recent Bitcoin ETF approvals has caused BONK to plummet by 1.5% in a week and by 26% in the previous 30 days.
The coin's extraordinary performance in late 2023, when it became a vehicle for whales, is highlighted by its astonishing 1,000% year-over-year increase.
The next weeks could be pivotal for BONK, since meme currencies often reap disproportionate rewards anytime the market has a recovery and rally.
Based on current indications, it seems like BONK has only started to rebound after a lengthy period of losses.
For instance, after a brief dip below 40 earlier this week, its RSI has started to rise consistently.
After the RSI remained low for almost a month, this increase seems to indicate a resurgence of momentum.
After dropping towards the 200-day, BONK's 30-day average has now leveled off, indicating encouraging indicators as well.
Additionally, a bullish cross, which often indicates additional increases, is anticipated to occur shortly when the coin's present price above the 30-day average.
Be that as it may, today's little gains may not last for much longer due to the low trading volume, which is still hovering around $68 million.
Additionally, it should be noted that whales have not been buying BONK in the last few weeks, which might indicate that they are no longer interested in the token.
However, as previously said, there is still one whale that has a kitty of over 314.8 billion BONK, which is equivalent to almost $3.3 million.