Binance Coin Is in a Deadlock As It Is Stuck Below $221

On June 30, the price of Binance Coin (BNB) fell to a low of $205 as bulls bought the dips. The subsequent upward movement has been stuck at the 21-day moving average line. This means that BNB will continue to fall to the low of $205 and will likely hit the previous low of $183.

Timeline of Bnb

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The recent exploit of the Harmony Horizon bridge has had rippling effects in the Harmony ecosystem, which now faces a steep uphill climb to recovery BNB Chain teams continue to look for ways to strike the ideal balance between decentralization and growth, while Polkadot and Kusama parachains have begun to establish cross-chain communication channels with increasing frequency

The Binance coin price analysis shows bearish price movement today. A decrease in price has been observed as the coin failed to get support, and bears continue their endeavor for the fifth day consecutively.

BNB Chain, via its Weekly Ecosystem Report, informed community members of the network's performance between 17 June and 23 June. And according to the report, the key metrics used to track the growth of the chain showed stability “amid volatile market” within the period under review.

CZ has clarified that Binance is looking at 50 to 100 deal proposals from crypto projects affected by the ongoing crypto winter. CZ was correcting reports by the Block that had misquoted him as saying that Binance was looking at 5,200 deals.

Another crypto crash may be coming as central banks are still going to raise interest rates in the fight against inflation. This was echoed by Bitmex co-founder and former CEO Arthur Hayes who said altcoins will likely plunge more than 50% in the next few weeks.

Earning income in the bear market can be difficult, but it isn't impossible. And it's important to note that passive gains from long-term holds are actually the most viable option right now, especially when short-term prices are highly volatile.

Binance Coin price analysis suggests an upwards movement to $240 BNB faces resistance at the $229.2 mark The closest support level lies at $210 The Binance Coin price analysis shows that BNB has recovered to the $220 mark as the bulls were able to defend the $185.0 support level. At press time, the.

The moderator at Coin Bureau is seen talking about what may unfold regarding Binance Coin (BNB) after the Securities and Exchange Commission (SEC) started an inquiry into the crypto asset a few days before for suspected securities law offenses. Guy, a pseudonymous crypto expert, informs his 2.07 million Subscribers on youtube in a recent video …

Finding a good coin during the current bear market is as important as ever. It might have been easy to pick a winner when everything was just going “up”, that simply isn't the case anymore. Crypto still has a future, despite panic spreading across a lot of the market. But now more than ever, investors …

The host of Coin Bureau is speculating on what could happen to Binance Coin (BNB) after the U.S. Securities and Exchange Commission (SEC) launched an investigation into the crypto asset last week over possible violations of securities law. In a new video update, the pseudonymous crypto analyst known as Guy tells his 2.07 million YouTube The post Here's What's Ahead for Binance Coin (BNB) in 2022, According to Coin Bureau appeared first on The Daily Hodl.