🍀Today, I am closely monitoring the movements of the BNB currency, and I see that the price is currently moving in the range of $805 – $807 with slight fluctuations compared to yesterday. From my perspective, strong resistance is at the $815 level; if breached, it may open the way towards $828 – $861, while the main support is at $785, and breaking it could push the price to test the $732 area.
What is noteworthy today is the important institutional news, as BNB Network Company has purchased 200,000 tokens of BNB worth nearly $160 million, making it the largest institutional holder of this currency globally. The company is expected to continue its plans to increase its investments to $1.25 billion if it fully implements its strategy, which I see as very positive for supporting the price in the medium and long term.
For me, these developments make me closely watch for buying opportunities in support areas, with precise risk management and waiting for any breach of resistance to open the door for greater gains.
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