Former Binance CEO CZ Shares BTC and BNB After Bitcoin's Consecutive Record Breaks! "Remember 2017!"
Bitcoin's Record High: Bitcoin (BTC) has reached new all-time highs, surpassing $120,000 and hitting $122,000, prompting excitement in the market. Former Binance CEO Changpeng Zhao (CZ) cautioned investors to maintain a long-term perspective, suggesting that today's prices may seem low in the future.
BNB's Anniversary Celebration: CZ also celebrated the 8th anniversary of Binance Coin (BNB), highlighting its remarkable growth from an initial price of $0.06 to $698, marking an increase of over 10,000 times since its launch.
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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 | 265.572 | 417.816 | 556.362 | 708.606 | 847.152 | 999.396 | 1137.942 |
| Fibonacci | 417.816 | 528.898 | 597.524 | 708.606 | 819.688 | 888.314 | 999.396 |
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