2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>BNB shows growth potential in Q2, defying distribution expectations with a strong rebound.</strong></li>
 <li><strong>BNB price surges as market cap hits $88.482B, reflecting increased investor interest.</strong></li>
 <li><strong>Technicals suggest a strong BNB uptrend despite an overbought condition.</strong></li>
</ul>
<p>The crypto market is witnessing a performance by Binance Coin (BNB), outpacing Bitcoin (BTC), raising speculation about the strategies of Binance ex-CEO Changpeng Zhao (CZ). However, recent analysis indicates that BNB is not within a distribution range but is in a reaccumulation phase, exhibiting resilience and potential for growth.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BNB outperforming BTC<br><br>What is CZ scheming from the shadows? <a href="https://t.co/EKXCOz3udV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/EKXCOz3udV</a></p>— DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1782294450875560114?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Following its peak, BNB experienced a significant drop but showed reluctance to break down until it reached a critical point in Q2 of 2022. This pattern of bouncing back was mirrored in 2023, displaying behavior inconsistent with distribution characteristics. The analysis underscores that after the pivotal dates in Q2 of both years, BNB was primed for a rebound.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">There are a few reasons why <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> is so strong but in short it's pretty simple.<br><br>Its not inside …</p>
  </blockquote>
 </div>
</figure>
<p>The post <a href="https://coinedition.com/binance-coin-outshines-btc-as-technicals-signal-bullish-path/" rel="noopener noreferrer nofollow">Binance Coin Outshines BTC as Technicals Signal Bullish Path</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Binance Coin Outshines BTC as Technicals Signal Bullish Path

Coin Edition

2024년 4월 23일에 게재된 다른 기사

BlackRock and Fidelity Bitcoin ETFs Break 30-Year Market Record

Riot’s Price jumps 23% on analysts’ bullish forecast

IMF Acknowledges Bitcoin’s Role in Cross-Border Financial Flows Amid Global Instability

XRP Price Prediction: 63 Million XRP Moved by Whales.. XRP Price to Implode or Explode?

Fidelity Warns Against Rising Selling Pressure, Updates Bitcoin Outlook to ‘Neutral’

Embracing Diversity: The Significance of Inclusivity in Gaming

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!