BNB (Binance Coin) Update
Current Status:
BNB is the native token of Binance, the world’s largest crypto exchange. It's used for trading fee discounts, staking, launchpad access, and more.
Recent Trend:
BNB has shown strong resilience in the market, trading in an upward channel over the past few weeks. With growing activity on the Binance Smart Chain and upcoming token burns, momentum could continue.
Key Info:
Symbol: BNB
Use Case: Exchange utility, DeFi, token burns
Network: Binance Smart Chain
Market Sentiment: Bullish
Signals (Not Financial Advice):
Entry: $580 - $600 (buy zone if retracement happens)
Resistance: $640
Breakout Target: $680 - $700
Support: $560
Signal:
Bullish if it closes above $640
Bearish if it falls below $560
