CandleFocus Binance Coin (BNB) May Be Poised for Historic Price Breakout Ahead of CZ's Release
2024-09-25
Author: Content Editor
The price of BNB, the native token on the BNB chain and Binance, is approaching a key resistance level of $691 per BNB. This level has never been broken in the past. However, there is growing speculation that the upcoming release of the former head of Binance, Changpeng Zhao (CZ), could be the trigger for BNB to surpass this resistance and reach a new all-time high. CZ had played a significant role in the market, and his return could have an impact on BNB's price. The convergence of technical and fundamental factors is seen as impressive, and the market is anticipating how CZ's release will affect the quotes. This situation is a precedent as the market has never experienced such a case before.
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