I haven't been trading much crypto, but I did move the leftovers from my Vechain X Node to BNB the other day.
While bitcoin and much of crypto is trending down, Binance coin has actually been showing much relative strength. In a way this makes sense, as crypto shows more volatility and volume, exchanges naturally rack up more fees. Further there have been mentions of Binance creating a new decentralized currency and their own blockchain to power it.
While there is more than one decentralized exchange already, BInance is a big name, and decentralized exchanges are the future.
The technical charts here strongly suggest a breakout from another bull flag to find a higher price level. Against USDT, BNB is establishing a strong support level.
While bitcoin and much of crypto is trending down, Binance coin has actually been showing much relative strength. In a way this makes sense, as crypto shows more volatility and volume, exchanges naturally rack up more fees. Further there have been mentions of Binance creating a new decentralized currency and their own blockchain to power it.
While there is more than one decentralized exchange already, BInance is a big name, and decentralized exchanges are the future.
The technical charts here strongly suggest a breakout from another bull flag to find a higher price level. Against USDT, BNB is establishing a strong support level.