Binance season has started! BinanceCoin (BNB) and Pancakeswap (Cake) of Binance Ecosystem Tokens rose rapidly, leaving behind large crypos. The BNB price increased by a sharp increase over $ 700. In this move, BTC became the 5th largest crypto after BTC, ETH, XRP and USDT. Meanwhile, global crypto markets continue to face a decline tendency despite a small recovery at the previous day’s closing. Therefore, the BNB price attracts merchants as a high -risk and high -award -winning token. Is the popular breast coin ready for the rally?
BNB and Cake saw strong price increases!
During the past week, the token was pressing large rising candles and the momentum is strongly changing in favor of the bulls. In the meantime, the continuous increase in volume, the token quietly accumulated recipients emphasized. The biggest reason behind the increase is that Binance is a 60 -day pause in the legal war with the US SEC. Secondly, Binance announced the 2025 roadmap focusing on artificial intelligence and advanced process rates.
In addition, the platform is estimated to pay about $ 4.3 billion by selling crypto and carrying it to another platform. Reserve evidence shows that reserve balances are $ 370 million in BTC, 3.4 billion dollars in the left and $ 230 million in XRP, which is worryingly low. Will this prevent the rally from progressing?
According to data shared by Martyparty, a popular analyst, it shows that the platform might have sold the crypto during January and February, probably at the top. Now that the platform has already made sales and funds for payment, Binance has become more compatible. As a result, the price of BNB and Cake exploded.
Is the FLOKI price rally on the horizon?
Crypto Analyst Sahana Vibhute is examining the technical picture of popular breast Coin. Interestingly, the price of popular binance -based breast coin floki is under the temperature of excessive fall. Token is trapped in a triangle with a decline and is expected to reach the peak of the formation before the next price movement. Therefore, more than the next few days with the FLOKI price rally is expected to decrease.
Technical indicators for FLOKI do not support the rise rhetoric because the DMI levels progress parallel to each other and face a withdrawal of ADX. In addition, the OBV continues to be under the influence of a decrease because it cannot break the diminishing trend line. This shows that the volume cannot rise and that it can prevent the rally from progressing. Therefore, if the FLOKI price does not break the resistance, it may drop to $ 0.000085 or below $ 0.00007. However, if the bulls trigger a recovery, the breast coin price can recover $ 0.0001.
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