THENA Introduces Orbs dSLTP for Order Processing on BNB Chain
Introduction of dSLTP Protocol: Orbs has launched the dSLTP protocol, enabling decentralized stop-loss and take-profit orders on the BNB Chain, enhancing the trading experience for users by automating risk management tools typically found on centralized exchanges.
Onchain Trading Automation: The integration allows users on THENA to set automated trading conditions directly onchain, facilitating trades based on predetermined price movements without the need for constant monitoring.
Growth and Revenue Generation: Since its inception in January 2023, THENA has generated $40 million in revenue, reflecting the increasing demand for advanced DeFi trading tools and the successful implementation of the dSLTP protocol.
Future of DeFi Trading: The introduction of dSLTP is part of a broader Layer-3 suite aimed at improving risk controls in DeFi, indicating a significant shift towards more sophisticated trading functionalities within decentralized finance.
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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 | 266.337 | 418.198 | 557.127 | 708.988 | 847.917 | 999.778 | 1138.707 |
| Fibonacci | 418.198 | 529.28 | 597.907 | 708.988 | 820.07 | 888.697 | 999.778 |
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