$BNB likely to remain between $224 and $370 for sometime

27 giu 2021

BNB saw new all time highs in this bull run. In fact the emergence of the Binance Smart Chain converted BNB from a centralized exchange's discount token to a network token of a decentralized network and a defi platform. This is clearly evident in the price action where BNB rose from ~$42 to $700. With the larger crypto markets correcting, BNB has pulled back sharply as well. Expect it to be bound between $224 and $370 for sometime. Price unlikely to go above the 50 day ema. Don't be surprised if you see the volatility drop as the market remains sideways and until a new market structure is established. No investment advice here. Manage your risk and please do your own research.