BNB Key Level To Watch - Will There Be A Strong BREAKOUT?
On the chart, BNB has touched the trendline 5 times, turning it into a very strong trendline.
However, at this 6th time, the price seems to have breakout. If this very strong trendline is broken, perhaps the crypto winter will last for a long time - as Binance exchange as well as CZ have a huge influence on the market.
In another view with positive signal, BNB is one of the rare top tokens with automatic token burning and is a token that deflates over time.
This is key level to watch carefully! It could very well be an early signal for the whole market to enter a winter of accumulation, depressing the whole traders and holders (when the money flow has not poured in, the Fed's interest rates remain at the high rate as they say they will be, stay high through 2023 extending to 2024).
However, at this 6th time, the price seems to have breakout. If this very strong trendline is broken, perhaps the crypto winter will last for a long time - as Binance exchange as well as CZ have a huge influence on the market.
In another view with positive signal, BNB is one of the rare top tokens with automatic token burning and is a token that deflates over time.
This is key level to watch carefully! It could very well be an early signal for the whole market to enter a winter of accumulation, depressing the whole traders and holders (when the money flow has not poured in, the Fed's interest rates remain at the high rate as they say they will be, stay high through 2023 extending to 2024).
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Entry or Spot: $200 - $220
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