BNB: Are We Going To Talk About It?
BNB is one of the most remarkable of cryptocurrencies. While there is no need to hash up what happened in the past concerning Binance, their coin has endured remarkably well. Upon all its performance, no one is talking about BNB. One can suppose no one speaks about BNB because charts reveal a sideways price movement since March of this year.
The most revealing of its charts is the weekly. It is easier to see what the price action is doing. BNB hit an all-time high of $794 but suffered a sudden drop; a new area of supply also formed between $765 and $800. We can safely say that if the price falls, it will be between $534 and $600. Investors see this price range as a favourable buying opportunity, as this is an area of demand.
As of this writing, the BNB price is $718. I expect it to return to its all-time high and surpass it. I believe the next main price target is $849. So, are we going to talk about BNB the way we should? I don't see that anytime soon. And as to when we have that conversation, your guess is as good as mine.
