With such a big market, you are already strong!
BNB is one of the few altcoins that has hit a new all-time high this year. This position is quite advantageous considering that most altcoins have struggled to hit new highs.
Prices closed down 1% this week, but this is a normal consolidation after the strong rebound in June. As long as the price remains above $500, buyers have the advantage. The current resistance level is at $700.
Looking ahead, BNB will be in a strong position if the market recovers later this year. If the bulls can break through the current resistance level, the next big target will be $1,000.
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