Binance is trading near $600 price level, a key resistance it has failed to break since July 5 coinciding with the release of CZ this week.
BNB, like other coins, faced struggles but remained consistent despite its founder, CZ, the former CEO of Binance, serving a four-month sentence for anti-money laundering violations.
As news of CZ’s release broke, BNB started trading near the $600 price level, a key resistance it has failed to break since the 5th of July. Now, BNB/USDT could potentially break this level.Previously, BNB/USDT made a low on the 5th of July touched the $600 level two weeks later, and dropped lower on the 5th of August. Another attempt to break $600 was made three weeks later, which also failed.
If history repeats itself, altcoin season could begin in around 50 days, which would align with BNB’s potential breakout past $600. This RSI level suggested there was bullish momentum, but it remained below the overbought threshold, signaling room for further upward movement.Share of monthly active users on top gaming chainsIt ranks among the top five gaming blockchains by monthly active users in September 2024, behind Solana , Tron , Ronin , and ahead of Polygon with BNB at 10%.
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