BNB, the local token of Binance, the world's largest cryptocurrency exchange, continues to heal its wounds after the crash yesterday. BNB, which has lost 20% of its value, seems to have withstood the overall decline in the cryptocurrency ecosystem more than most altcoins.
What scenarios can happen for Binance coin (BNB) in the coming days?
According to CoinMarketCap data, BNB, which is in the 3rd place with a market capitalization of 95,910,569,151, quickly recovered after the loss of value and gave confidence to its investors.
Located near $574, BNB is just above the major major support at $555-572. BNB, which fell to the support level of $ 487-508 in the decline it experienced yesterday, increased by more than 16% from this level. BNB, which now sets its sights on the $644-666 resistance, is expected to gradually rise to this resistance level in the coming days. Analysts think that if BNB does not experience another collapse in Bitcoin, it will be priced in quickly.
Binance coin, which can regress to the support level of $ 487-508 if it hangs down from the main major support level, can withdraw to the support of $ 450-429 if it cannot hold at these levels. Analysts, who say that for such a scenario to happen, Bitcoin must be withdrawn to the level of $ 30,000, also express that they do not expect such a decrease in Bitcoin in the coming days.