BNB/USD market retraced the support to $265 after it tested the resistance of $300. And at this point trading indicators are revealing that price action is getting ready to bounce to the upside.

BNB is currently trading at $300.082 with a 24-hour trading volume of $1,059,515,334. Despite the general market slump, the coin has been one of the top performers. It currently ranks at the number four position on CoinMarketCap.

Binance Coin has never been more expensive against bitcoin, smashing its previous all-time high by about 14%

BNB Chain’s WAU crossed the 4 million mark last week. However, despite low gas fees, the chains’ number of transactions declined.

The Binance Coin (BNB) price showed decisive bullish signs by reclaiming the $260-$265 resistance area. Reclaiming the $325-$342 area would be another significant bullish sign.

After Binance Coin crashed to around $250, falsely breaking the crucial $260 support last month, it bounced back notably by an insane 28% to tap $317 on its native exchange. Unfortunately, it initiated another sell action.

BNB loses 4.86% after Reuters report on possible money laundering charges. STX is the largest gainer with 12%. TRX lower with stablecoin issues.

Why did Binance burn over half a billion dollars worth of BNB? What is the strategy behind periodic burning? Learn more in this article!

Binance’s BNB Chain is preparing for a major hard fork known as “ZhangHeng”, which will reportedly greatly increase the level of security offered by the blockchain. The upgrade is scheduled to occur on the 19th of July, and will involve each user’s wallet balance being more closely tracked in every block – making it more difficult for malicious agents to steal funds when the network is compromised.

Binance is once again making headlines following its quarterly burns. Earlier today, the exchange revealed that BNB Chain executed its 22nd BNB burn. Through this initiative, the exchange carried out the burn and removed $600 million worth of Binance Coin [BNB] from its supply.

Binance Coin (BNB) has demonstrated 12% rise in last week; this whale bought nearly two dozen of it

Binance is suspending deposits and withdrawals via bank transfers and credit cards for UK customers. Binance halted services in Pounds for new customers, will be completely suspended by May 22, 2023. The measure comes after its partner payments company Paysafe pulled support for GBP transactions, citing regulation.

BNB, an exchange token used within the Binance trading environment, jumped 20%, leading a broad rebound in crypto markets that had been in freefall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.

Binance Coin (BNB) price is slipping lower this morning as the party mood from Monday got turned around in the late US trading hours as equities ripped lower. With that, cryptocurrencies were tanking and saw BNB print a 1% loss. Although that is not such a big issue, the bigger picture shows that BNB is currently trading below a crucial moving average and could be set to fall back below $280, limiting the chances of a Christmas rally.

Earlier today, Binance Twitter handle shared the news about Binance Launchpad releasing a new project and launching its token sale.

BNB Chain’s proactive alert does not represent the risk level of the underlying DApp project. Instead, it is aimed at helping users in their research before making investment decisions.

Binance Coin price could witness a continuation of the countertrend rally in the coming days. Key levels have been defined.

The Binance Coin (BNB) price broke out from a descending resistance line but has yet to reclaim a crucial horizontal resistance level. Whether it is successful in doing so could determine the direction of the future trend.

Excitement is taking over for Binance Coin and Dogecoin as market participants see strength continuing.

The Binance Coin (BNB) price has been rejected by a long-term horizontal resistance area. It is also following a short-term resistance line.