🔹 Analysis and Follow-up on Currency $BNB
💥 Current price of the currency: $949
🎯 Suggested targets:
• First target: $1,020
• Second target: $1,120
• Third target: $1,220
• Fourth target: $1,320+
🛑 Stop loss: $900
Project $BNB :
BNB is the native token of the BNB Chain, initially started as a utility token for the Binance trading platform with discounts on fees, and then evolved to become a fundamental currency in the network's ecosystem, used to pay transaction fees, staking, and participate in governance.
The BNB network operates on a “Proof of Staked Authority (PoSA)” protocol with periodic token burns, which reduces supply and increases the currency's scarcity in the long term.
From my observation of the movement of $BNB , the price is currently near a significant support level around $945–$950, and if it holds this support and starts a good buying activity, it may move towards the first target at $1,020, and higher targets may be achieved gradually with continued momentum.
Currency analysis indicators:
• RSI: around 55%, the market is slightly leaning towards buying.
• Trading volume: increased by approximately 10% over the last 24 hours, indicating new liquidity is gradually entering.
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⚠️ Alert
Everything written here is personal analysis and not financial advice.
The market is always volatile, so always set a stop loss and manage your trades rationally
