CandleFocus Binance Coin (BNB): Price Holds Above $650, Headed To…?
2025-02-20
Author: Content Editor
The price of Binance Coin (BNB) remains above the $660 support level, indicating a bullish outlook for the altcoin. The support level has been reliable since mid-2024 and has boosted buyer confidence. If the price stays above this level, it could trigger bullish momentum and push BNB towards resistance levels around $760. However, if it falls below the support level, there is a risk of descending to lower support levels at $565 and possibly $465. PancakeSwap, a Binance Smart Chain-based DEX, has high trading volume compared to other platforms, which could enhance the stability and usability of BNB. The high volume suggests ongoing support and demand for BNB. On another note, Binance CEO CZ was involved in a memecoin saga but has cautioned against the volatile nature of these investments.
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