BNBUSDT (Binance Coin) - Coin of the Week
Binance, which was established in July 2017, is one of the largest cryptocurrency exchanges in the world, with the aim of bringing cryptocurrency exchanges to the forefront of global financial operation. The Binance Chain, Academy, Trusted Wallet, and Research ventures are all part of the Binance network, and they all use blockchain technologies to introduce new-age finance to the world. Many of Binance's sub-projects depend on Binance Coin to run properly.
The live Binance Coin price today is around $630 USD with a 24h trading volume of $3,3 billion dollars. With a live market cap of $96 billion USD, it currently ranks #3 among cryptocurrencies. There are 153,5 million BNB coins in circulation, with a maximum production of 170,5 million BNB coins.
Technically, after the new top at $680 USD reached on the 3rd of May we are seeing a correction in the form of a falling wedge pattern. We think this structure is preparing the next move to the upside. The price may fall further to the support area marked on the chart or even the blue trendline, but eventually it will head to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
The live Binance Coin price today is around $630 USD with a 24h trading volume of $3,3 billion dollars. With a live market cap of $96 billion USD, it currently ranks #3 among cryptocurrencies. There are 153,5 million BNB coins in circulation, with a maximum production of 170,5 million BNB coins.
Technically, after the new top at $680 USD reached on the 3rd of May we are seeing a correction in the form of a falling wedge pattern. We think this structure is preparing the next move to the upside. The price may fall further to the support area marked on the chart or even the blue trendline, but eventually it will head to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
