Binance Coin Price To Next ? | Binance Coin price analysis | BNB Price Prediction 2021 | BUY BNB !

Binance Coin Price Forecast: More Weakness
Likely The live Binance Coin price today is $367.11
USD with a 24-hour trading volume of $3,207,004,113 USD. Binance Coin is up 3.69% in the last 24 hours. The current CoinMarketCap ranking is #4, with
a live market cap of $56,326,422,248 USD. The Binance Coin is still in consolidation
mode as the rest of the cryptocurrency universe waits for a catalyst. BNB is trading at $363, which is in the same range
where it has been in the past few trading sessions. The coin has a market cap of more than $56.19 billion, making
it the 4th biggest cryptocurrency after Bitcoin, Ethereum, and Tether.

What is Binance Coin? For starters, Binance Coin, shortened as BNB,
is the native currency for the Binance Smart Chain (BSC) network. The BSC is a leading platform that is similar
to Ethereum in that it helps developers build decentralized applications, often known as
dApps. This includes apps like those in the non-fungible
tokens and decentralized finance. In the past few years, the BSC has become a relatively popular chain among
developers. Some of the top apps built in the network
are PancakeSwap, Venus, and Reef, among others. In total, the total value locked in the BSC
Defi is more than $20 billion, which is lower than that in EthereumÔÇÖs
blockchain. The BSC ecosystem has more than 400 DeFi projects,
46 games, and more than 100 tooling tools. The BNB price is consolidating as investors
wait for more catalysts. This could happen today after the US publishes its inflation data. So, what next for the Binance Coin prices?Binance
Coin price analysis The four-hour chart shows that the BNB price
has been in a consolidation phase recently. The coin is trading at $363, which is below the two resistance level
at $433.

It is also between the 38.2% and 23.6% Fibonacci retracement levels. Notably, it seems to be forming a head and
shoulders pattern, which is usually a bearish sign. Therefore, the pair may break out lower in
the near term. This is in line with my prior Bitcoin price
prediction, where I argued that the relief rally seems to lack legs. If this happens, the next key support to watch
will be at $320. A move above $400 will invalidate this trend. subscribe channel affiliate cambodia thank you!.

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