๐ฑ๐๐BNB price target is jaw-dropping: It will go on the offensive!
The #BNB price, which gained momentum during whale activity and development activity, rose above $ 500.
BNB, which is trading above an important support level, made a nearly 2 percent increase in 24 hours and touched the 505 direction.
The decline in BNB made one forget the 2.74 percent decline of the previous week. AMBCrypto suggested that BNB is targeting $ 555 behind Binance.
Expectations increased for $BNB โThe support point reflected in the BNB price chart is around $ 462, which is considered a financially critical level,โ said AMBCrypto, indicating that the level in question undertook a major task. The analysis is as follows: โAt this level, it served as a key support zone for BNB during multiple market improvements and prevented further downward movement. BNB was trading above this key support level, and the momentum began to accelerate with the $ 555.4 level on the horizon.โ
Drawing attention to the whale activity in BNB. According to the data, whales have been accumulating BNB in some way since July 15. The percentage of budgets with more than $5 million in BNB has increased to 54 percent. โThe data shows that whales are already holding their positions and trusting BNB.โ โThis total can provide price support for whales, as large sales are unlikely and indicate potential stability in the near future.โ
On-chain data platform Santiment reported that the recovery performance in BNB has increased. This increase was interpreted as a positive sign.
The analysis, which shared the BNB price target through metrics, includes the following statements: โThe upward momentum in BNB continues and the rise can be seen by maintaining the $462.6 support. The potential rise can test the resistance point located around $555.4, and if the resistance is broken, $634.1 can be targeted.โ
