$BNB
BNBUSDT H4 update
HTF H4 trend: bullish
Key Findings:
1. BNB is currently trading at $383.6 with a 24-hour price change of +1% and a 7-day price change of +8.8%.
2. The market capitalization of BNB stands at $59,745,764,315.
3. BNB has a total supply of 166,801,148 tokens, with a circulating supply of the same amount.
4. BNB has shown positive price momentum in the past week, with a steady increase in value.
Insights:
1. BNB is an integral part of the Binance ecosystem, which includes Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects.
2. BNB is used for various purposes within the Binance ecosystem, such as paying for transaction fees, participating in token sales, and accessing premium features.
3. A whale address has deposited 2,000 ETH into Binance, adding to its total holdings. The whale has been accumulating ETH since September 2023 and has transferred a total of 12,200 ETH to the trading platform.
Long/Short Ratio:
The long/short ratio on Major Whale Traders is 2.86, indicating a bullish position direction.
Key levels:
Neutral: 366
Discount zone:
355 - 361
Stop loss: 345
Not a financial advice, but you have a better risk:reward ratio by managing your risk properly. Please note that this information is based on the available data and analysis. It is important to conduct further research and consider your own risk tolerance before making any investment decisions.
