COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Binance Coin: Will the Loss of a Major Partner Affect BNB’s Future? Latest Updates
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Binance Coin (BNB) > Binance Coin: Will the Loss of a Major Partner Affect BNB’s Future? Latest Updates
Binance Coin (BNB)

Binance Coin: Will the Loss of a Major Partner Affect BNB’s Future? Latest Updates

In Brief

  • Binance Coin (BNB) continues to struggle with falling network metrics while expanding its sideways price movement. A recent price report highlighted BNB’s tendency to enter a range-bound movement if rejected at $225.ContentsBinance Coin Reflects Bitcoin’s Movements!Current Data on BNB! Binance Coin Reflects Bitcoin’s Movements! Last week saw this scenario play out perfectly as bears managed […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Binance Coin (BNB) continues to struggle with falling network metrics while expanding its sideways price movement. A recent price report highlighted BNB’s tendency to enter a range-bound movement if rejected at $225.

Contents
Binance Coin Reflects Bitcoin’s Movements!Current Data on BNB!

Binance Coin Reflects Bitcoin’s Movements!

Last week saw this scenario play out perfectly as bears managed to keep the prices below the $225 resistance level. While the leading cryptocurrency struggled to surpass the $26,000 price level, Binance Coin‘s price movement continued to mirror Bitcoin‘s price.

The On-Balance Volume (OBV) indicator highlighted the volatile nature of BNB’s trading volume in recent months. OBV experienced significant drops in trading volume at the beginning of June and the end of August. This kept BNB’s price movement in a sideways trend amidst an overall bearish market structure. Similarly, the Relative Strength Index (RSI) echoed the lack of demand for BNB. Despite a brief surge above the neutral 50 level on August 30, RSI quickly dropped below the neutral 50 and has remained there at the time of writing.

Current Data on BNB!

Bulls looking for an upward movement need to rely on Bitcoin surpassing the $26,000 mark, as this can add the necessary upward momentum to the market. Otherwise, bears may be content with this sideways price movement while waiting for BNB to drop to the $200 price level. As a token, BNB is intricately linked to the BNB Chain for on-chain activities. Looking at the development activity on Santiment, there has been a sharp decline since August 21.

When examining the development activity, it is noted that the price of BNB reached its peak at the beginning of the year when development activity was high. This could be due to a strong demand for BNB to power off-chain activities. The decline in development has negatively affected BNB due to decreased demand. It may take some time for BNB to achieve a sustained price reversal along with declining trading volume.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Binance Coin Faces New Challenges as Market Volatility Rises

BNB Reaches New Heights with Price Projections and Ecosystem Expansion

BNB Chain Dominates USDT Transfers with 12 Million Active Addresses

Binance Coin Rises: What You Need to Know

BNB Chain Successfully Completes Significant Coin Burn, Reducing Supply

COINTURK NEWS 7 September, 2023 - 10:24 pm 7 September, 2023 - 10:24 pm
Share This Article
Facebook Twitter
Share
Previous Article Shiba Inu Burn Tracker Shibburn: SHIB’s Rise in 2021 is Driven by User Demand, Not Vitalik Buterin’s Token Burn
Next Article Bitcoin Price Remains Stable as Analysts Predict Potential Recovery
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Ripple’s Bold Legal Stand Reignites XRP Conversations
Ripple (XRP)
Stolen Crypto Leads to Panic as BitoPro Stays Silent
Cryptocurrency Security
Dive into the Dynamics of Pi Network’s Exciting Market Moves
Altcoin News
AI-Powered Altcoins Dominate as the Bull Run Approaches
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?