BNB Could Retest $30 Due to the Double LaunchPad/Pool Event By Binance
Quick take:
Binance is carrying out a one of kind crowdfunding event that fuses its Launchpool and Launchpad platforms
Beginning today, BNB holders can participate in the ALPHA token sale
They can also stake their BNB, BUSD or BAND on the Binance Launchpool to earn ALPHA
Binance Coin (BNB) stands to benefit from the double launchpad and Launchpool event and could retest $30
The team at Binance has launched a one of a kind event in which DeFi investors can participate in a Launchpad token sale and Launchpool farming for Alpha Finance (ALPHA). Lock Up Binance Coin (BNB) for the Token Sale Lottery
Beginning today, September 30th, investors can follow the traditional route of locking their Binance Coin (BNB) on the Launchpad platform in a bid to win tickets for the ALPHA token sale.
Stake BNB, BUSD and BAND to Farm ALPHA Tokens
Furthermore, DeFi investors can also opt to earn their ALPHA tokens by staking their Binance Coin (BNB), BUSD and BAND on the Launchpool platform. Binance Coin is in bullish territory above the 50-day, 100-day and 200-day moving averages
Trade volume has been in the green since the 25th of this month
The daily MACD has crossed in a bullish manner above the baseline with today’s histogram being a green one
The daily MFI is in neutral territory at 51
BNB has short term resistances at $28.80, $29, $29.50 and $30
Binance Coin’s monthly close is also a few hours away and it looks to be a green September for BNB
However, traders and investors are advised that Bitcoin’s monthly and quarterly close is also today and the crypto markets might be a bit choppy for the next few hours till the new month of October.
