{"id":545469,"date":"2023-08-02T11:58:02","date_gmt":"2023-08-02T11:58:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=545469"},"modified":"2024-06-11T08:59:12","modified_gmt":"2024-06-11T08:59:12","slug":"binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how\/","title":{"rendered":"Binance Coin (BNB) Price Gears Up For A 10% Upswing – Here’s How"},"content":{"rendered":"

Binance Coin (BNB) has recently exhibited a period of price consolidation, displaying a lateral movement within the range of $245 to $234 over the past two weeks. <\/span><\/p>\n

This intriguing price action has given rise to a bullish reversal pattern known as the inverted head and shoulders, hinting at potential future price movements.<\/span><\/p>\n

The inverted head and shoulders pattern is a popular technical analysis formation, often indicating a potential trend reversal. It consists of three main components: a low, followed by a lower low forming the “head,” and then another low resembling a “shoulder.”\u00a0<\/span><\/p>\n

Related Reading: Curve DAO (CRV) Price Recovery Post-Exploit: What Would Be A Realistic Scenario?<\/a><\/div>\n

The crucial point of this pattern lies at the “neckline,” which is a horizontal resistance level connecting the highs of the head and the two shoulders. A breakout above this neckline is typically a bullish signal, indicating a potential price upswing.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/a><\/pre>\n
BNB’s Potential For Recovery And Growth<\/strong><\/h2>\n
The pattern signifies a shift from a downtrend to an uptrend, suggesting that selling pressure may be waning and buying interest could be building up.\u00a0<\/span><\/p>\n
Currently priced at $244 according to <\/span>CoinGecko<\/span><\/a>, BNB has experienced a minute 0.4% increase in the past 24 hours, and a 3.8% increase over the last seven days.\u00a0<\/span><\/p>\n
<\/p>\n
On the daily chart, BNB is currently trading in the $26K range at TradingView.com<\/a><\/pre>\n
Analyzing<\/span>\u00a0the price action<\/span><\/a>\u00a0reveals the emergence of the aforementioned inverted head and shoulders pattern. If the buyers can successfully uphold this newly formed support level, it could pave the way for a potential 10% recovery, potentially propelling the price toward the upper trendline of the established channel pattern.<\/span><\/p>\n
Binance Expands Influence With Japan Launch<\/strong><\/h2>\n
In a significant move, Binance, the world’s largest cryptocurrency exchange, has\u00a0<\/span>launched its Japan subsidiary<\/span><\/a> \u2013 Binance Japan K.K. The inauguration of this platform introduces BNB to the Japanese market for the first time, contributing to a slight weekly price uptick. <\/span><\/p>\n
This expansion into Japan signifies Binance’s commitment to broader global outreach and adoption of its native token, BNB.<\/p>\n
Related Reading: Weeks of Prosperity: MKR Holders See Wealth Grow By Over 100% Amidst Price Boom<\/a><\/div>\n
Binance Coin’s recent price action, characterized by a tight consolidation range, has unveiled an inverted head and shoulders pattern. This technical indication, if validated, could usher in a trend reversal and a potential price surge. <\/span><\/p>\n
Additionally, Binance’s strategic expansion into Japan through its subsidiary launch has introduced BNB to a new market, underlining its prominence and potential for further growth.\u00a0<\/span><\/p>\n
As the cryptocurrency market evolves, these developments may play a pivotal role in shaping BNB’s trajectory in the coming weeks.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Securities.io<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Binance Coin (BNB) has recently exhibited a period of price consolidation, displaying a lateral movement within the range of $245 to $234 over the past two weeks. This intriguing price action has given rise to a bullish reversal pattern known as the inverted head and shoulders, hinting at potential future price movements. The inverted head and shoulders pattern is a popular technical analysis formation, often indicating a potential trend reversal. It consists of three main components: a low, followed by a lower low forming the “head,” and then another low resembling a “shoulder.”\u00a0 Related Reading: Curve DAO (CRV) Price Recovery Post-Exploit: What Would Be A Realistic Scenario? The crucial point of this pattern lies at the “neckline,” which is a horizontal resistance level connecting the highs of the head and the two shoulders. A breakout above this neckline is typically a bullish signal, indicating a potential price upswing. Source: Coingecko BNB’s Potential For Recovery And Growth The pattern signifies a shift from a downtrend to an uptrend, suggesting that selling pressure may be waning and buying interest could be building up.\u00a0 Currently priced at $244 according to CoinGecko, BNB has experienced a minute 0.4% increase in the past 24 hours, and a 3.8% increase over the last seven days.\u00a0 On the daily chart, BNB is currently trading in the $26K range at TradingView.com Analyzing\u00a0the price action\u00a0reveals the emergence of the aforementioned inverted head and shoulders pattern. If the buyers can successfully uphold this newly formed support level, it could pave the way for a potential 10% recovery, potentially propelling the price toward the upper trendline of the established channel pattern. Binance Expands Influence With Japan Launch In a significant move, Binance, the world’s largest cryptocurrency exchange, has\u00a0launched its Japan subsidiary \u2013 Binance Japan K.K. The inauguration of this platform introduces BNB to the Japanese market for the first time, contributing to a slight weekly price uptick. This expansion into Japan signifies Binance’s commitment to broader global outreach and adoption of its native token, BNB. Related Reading: Weeks of Prosperity: MKR Holders See Wealth Grow By Over 100% Amidst Price Boom Binance Coin’s recent price action, characterized by a tight consolidation range, has unveiled an inverted head and shoulders pattern. This technical indication, if validated, could usher in a trend reversal and a potential price surge. Additionally, Binance’s strategic expansion into Japan through its subsidiary launch has introduced BNB to a new market, underlining its prominence and potential for further growth.\u00a0 As the cryptocurrency market evolves, these developments may play a pivotal role in shaping BNB’s trajectory in the coming weeks. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Securities.io<\/p>\n","protected":false},"author":557,"featured_media":545486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[142,13291,86483,1144,8686,4735],"class_list":["post-545469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-altcoins","tag-binance-coin","tag-bnb-price","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nBinance Coin Price Gears Up for Over 10% Upswing - Here's How<\/title>\n<meta name=\"description\" content=\"Binance Coin (BNB) has recently exhibited a period of price consolidation, displaying a lateral movement within the range of $245 to $234 over the past\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Coin Price Gears Up for Over 10% Upswing - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Coin (BNB) Price Gears Up For A 10% Upswing – Here’s How","url":"http:\/\/ktsl888.com\/news\/binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-8.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-8.jpg?fit=1200%2C674"},"articleSection":"All","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","binance coin","bnb price","btcusd","ethusd","price action"],"dateCreated":"2023-08-02T11:58:02Z","datePublished":"2023-08-02T11:58:02Z","dateModified":"2024-06-11T08:59:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Coin (BNB) Price Gears Up For A 10% Upswing – Here’s How\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/binance-coin-bnb-price-gears-up-for-a-10-upswing-heres-how\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-8.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-8.jpg?fit=1200%2C674\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"binance coin\",\"bnb price\",\"btcusd\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-08-02T11:58:02Z\",\"datePublished\":\"2023-08-02T11:58:02Z\",\"dateModified\":\"2024-06-11T08:59:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-8.jpg?fit=1200%2C674","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/545469"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=545469"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/545469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/545486"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=545469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=545469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=545469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}