![]() Therefore, you cannot assume where it is likely to go next. Nonetheless, right now price is in ‘no man’s land’ as it is between support and resistance. If it gets flipped then there is only one more zone before new highs. However, the BNB/BTC pairing has been rejected at a supply zone. It is, therefore, likely for the price to test these all-time highs in the coming weeks. It has been in a constant uptrend since the end of September and has been consolidating on the support level under all-time highs in its USDT pair. Summarizing Everything Explained AboveīNB is a strong staple of the Binance ecosystem at large, with many use cases and a strong team behind it who have a bright vision. If prices start to go down, BNB will also follow. However, with BTC currently in a significant downtrend, it is yet to be seen how it will react in December. You, therefore, could expect BNB and most of the altcoin market to follow if prices follow the conventional average return mark. Typically, December is a month where Bitcoin and Ethereum run hand in hand, both averaging around 16% returns. SeasonalityĪlthough this analysis has generally pointed to new highs for BNB, it is entirely dependent on what Bitcoin does. Consequently, we can conclude that until this is done, BNB is the better long to go for. If the price can flip this level, it is likely that KCS will outperform BNB. However, it is now at a pivotal resistance point. KuCoin has outperformed BNB recently after making all-time lows at the beginning of the year. With FTT/BNB almost falling to new lows, I see no reason for relief, therefore BNB being the more option. ![]() As you can see in the FTT/BNB chart, Binance Coin has been outperforming it since February. We can compare these tokens together to see which one is going to outperform the rest. Two exchange tokens that are competitors to BNB are FTX ( FTT) and KuCoin ( KCS). ![]() BNB runs on Binance Smart Chain and was introduced as a native token of the biggest cryptocurrency exchange, Binance.
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