BNB left the risky zone: Volatility may gradually increase! - Coinleaks
Current Date:November 7, 2024

BNB left the risky zone: Volatility may gradually increase!

Bitcoinof ( BTC) BNB, which has moved above the risky zone after receiving an upward reaction, may soon come to the fore with an increase in volume.

BTCWith the decline of ‘s price to 40,000 dollars, it retreated to the 220 dollar band. Binance‘s native token BNB He climbed up again and left the risky area. When we look at the weekly chart, BNB, which received frequent reactions in the range of 220 – 203 dollars, later recorded sharp increases. Can BNB, which displays the same image again in terms of price structure, move towards $ 400?

What price levels should one pay attention to in BNB? Which regions should be monitored for short, medium and long-term goals?

The dark days seem to be behind us!

BNB, which experienced significant increases after breaking the $ 203.8 – $ 220.5 range, dropped the monthly opening price but rose above $ 250 again. At the same time, the local token of the stock exchange, which is above the annual opening price, can make a move towards 290.1 ​​– 316.8 – 348.7 – 379.6 – 414.5 and 451.2 dollars, respectively, when based on fundamental and technical analysis. We may watch sharper price movements, especially as the level of $348.7 is exceeded.

Factors such as the emergence of Fud news about Binance, BTC falling below $ 40,000 or BNB testing the green area again will naturally disrupt the balance of the parity. In such a scenario, a relaxation may first be observed towards 185.2 dollars and then towards the 150 dollar band. In addition, any process in which $220.5 works as support will give confidence to its investors.