Binance Wallet Launches 30th Exclusive TGE for Velvet Capital
Binance and Velvet Capital Collaboration: Binance has launched its 30th Token Generation Event (TGE) for Velvet Capital on the BNB Chain, distributing 8 million VELVET tokens valued at $8 million to boost DeFi participation and on-chain interactions.
Impact on DeFi Engagement: The TGE encourages user engagement through specific tasks, aiming to increase Total Value Locked (TVL) and enhance community-driven airdrops, which may lead to greater blockchain adoption and activity within the DeFi ecosystem.
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Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 266.215 | 418.137 | 557.005 | 708.927 | 847.795 | 999.717 | 1138.585 |
| Fibonacci | 418.137 | 529.219 | 597.846 | 708.927 | 820.009 | 888.636 | 999.717 |
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