Main notes
- New Binance features reveal closed codes and ownership concentration for better trading visions.
- BNB is still flexible with a weekly decrease of only 5 % despite the broader market twice.
- Technicians suggest that the collapse of a triangle for a year can send BNB to more than $ 1,000.
Binance recently doubled its efforts to increase transparency and enhance commercial decisions on its platform. Exchange recently announced the launch of two main features: distinctive lock addresses and focus indicators.
These tools are designed to supply users with deeper visions of the distinctive symbol supply and potential fluctuations. The closed address of users allows users to know whether part of the distinctive symbol supplies are locked and not available for operation, which is information that can affect price interpretation strategies and trading strategies.
Meanwhile, the reservation concentration index provides a snapshot of the amount of control of adult holders on an encrypted currency. This helps investors measure the risk of volatility on the basis of ownership distribution.
Both features It appears in the Cryptocurrency Information tab is designed to supply traders with more reliable data.
Hopes of the outbreak of BNB price
The launch has increased confidence in Binance and its original symbol, BNB
BNB
$ 620.5
24 hours fluctuation:
2.0 %
The maximum market:
$ 90.54 b
Folder. 24h:
626.58 dollars
. At the time of the press, BNB is circulating about $ 620.6, and dipped about 1.11 % in the past 24 hours. Despite the weakness of the broader market, BNB decreased by only 5 % over the past week.
On the weekly graph, BNB has continued to trade in a similar triangle since last year, with resistance between 700 and 720 dollars and supported nearly 200 to $ 220.
The bullish penetration over the BNB Upper Resistance can lead to the targets between $ 1,150 and $ 1,200, depending on the penetration level, indicating a possible rise in the triple number of current prices.
BNB price path on the daily time frame
Meanwhile, on the daily BNB price scheme, the relative strength index is currently hovering directly below the neutral sign, indicating slightly declining momentum but not the sales lands.
BNB Daily Blink with RSI and Bollinger Teams | Source: Trading Offer
Bollinger domains show the midfield price slide (SMA for 20 days), which now operates as a resistance near $ 647.
This indicates a possible unification of the short term unless the buyers enter. Traders should notice that lower prices than the bottom range about $ 605 can withdraw BNB about $ 575.
Meanwhile, the MACD line remains at the bottom of the signal line, both in the negative area, which reflects the declining momentum. The intersection will indicate a reflection, but at the present time, the bears remain responsible. Immediate resistance levels are $ 647 and $ 676.
Daily BNB Plan with MACD | Source: Trading Offer
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post $1,000 BNB Incoming? Binance Drops 2 Bombshell Features first appeared on Investorempires.com.
