Binance currency at a critical level where the BNB series faces the increasing audit
Binance Coin has been trading inside a channel during the past few sessions, with a support barrier at $ 620 and the nearest resistance of about $ 700.
While technical indicators such as Bollinger highlights the tightening of fluctuations, the data on the series indicates a possible deviation that may determine the next BNB path.
Meanwhile, the cryptocurrency community attacked the ecosystem the distinctive symbol of the BNB series.
Enthusiastic Changing Chau criticized for giving priority to themes with topics, not “construction” after the performance of cauliflower and TST.
Will this speculation delay the expected BNB outbreak in the short term?
Binance at a major turning point
The 12 -hour BNB chart shows that the prices hover between horizontal support and the descending resistant trend line.
Alt is trading at $ 642, with an immediate support area at $ 640.2 (50 days).
Meanwhile, $ 674 (200 days AD) represents the resistance before BNB targets its last summits.
The bulls failed (decisively) near the upper direction line of about $ 700.
This confirms the strong landmark around this region.
The strong step after $ 700 can pay for the previous rejection zone at $ 740 – at 13 % of the current prices.
On the other hand, the seller’s seller’s activity may drown Binance towards $ 620, with the opening of the continuous negative aspects in the past to $ 580.
Such a slide means a 10 % decrease for BNB.
The vast market feelings support the descending issue. The cryptocurrency decreased today, as Bitcoin fell to $ 95,000.
BNB series under pressure on the memes
The latest return to the BNB series faced the audit, as the former Binance CEO for the increasing focus on the distinctive symbols.
This is followed by the last rise and fall of assets such as broccoli and TST, which CZ seems to have apparently supported.
The negativity installed after the scandal of the scale, which sparked negativity in the M -symbol sector.
While Zhao promised financial assistance to broccoli and TST victims after donating libra, his movements sparked eyebrows.
Critics Believe BNB Smart Stain takes advantage of some approval while undermining ordinary users.
Other concerns include the central chain, as the platform borders new players from becoming auditors.
Some claims claim that the BNB series lacks innovation, after market trends without distinguishing itself in the market.
Moreover, the high price of the BNB has led to the inhibition of new participants because the governance has become expensive.
The BNB community appears to be unhappy, and calls for adjustments to prevailing concerns.
Suggested amendments include increased decentralization, improving the expansion of the network, and the participation of the reformist auditor.
In short, the BNB price is increasing in a decisive turn. The seizure of $ 640 can support to $ 700 and $ 740.
However, losing this barrier may lead to a decrease to $ 620, with the continued weakness that causes BNB to a decrease of $ 580.
The enthusiasts should monitor the ongoing feelings about the BNB series, where they can determine the performance of the distinctive symbol around the main resistance areas and support.
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