$BNB FACES SELLING PRESSURE, STRUGGLING WITH MOVING AVERAGES. KEY SUPPORT IS AT $575 AND $559. A BULLISH SIGNAL REQUIRES BNB TO STAY ABOVE $614 TO TARGET $644 RESISTANCE.

Previously named Binance Smart Chain, BNB Smart Chain is unsurprisingly the blockchain network developed by crypto exchange giant Binance. The ecosystem is host to dApps, DEXes, GameFi platforms and an NFT community, with its BNB token now counted amongst the top 5 cryptocurrencies by market cap. ‘BNB’ is an abbreviation for ‘Build n’ Build’, with building very much at the core of the platform’s ethos. BNB Smart Chain has certainly been a catalyst for Binance’s move into market dominance.