Floki Inu (FLOKI) tokens to receive Wise Monkey (MONKY) airdrop after December 15 snapshot

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 12 2024

BNB+0.044%

APE+0.313%

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Launch of Wise Monkey (MONKY): The new meme token MONKY has launched on the BNB Smart Chain, with significant airdrop distributions planned for Floki Inu (FLOKI) and TokenFi (TOKEN) holders, while also attracting attention due to its high-profile backing from Ape Accelerator and Forj.
Market Performance and Distribution: Following its launch, MONKY experienced rapid trading activity and initial sell pressure, with over 53% of its supply held in a single wallet; it aims for price expansion post-airdrop, supported by major exchanges like Binance and KuCoin.

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Technical Analysis for BNB

Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 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	351.435	460.747	571.095	680.407	790.755	900.067	1010.415
Fibonacci	460.747	544.657	596.497	680.407	764.317	816.157	900.067

About BNB

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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