{"id":142570,"date":"2023-09-01T19:28:16","date_gmt":"2023-09-01T13:58:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=142570"},"modified":"2023-09-01T19:28:16","modified_gmt":"2023-09-01T13:58:16","slug":"binance-coin-price-prediction-bnb-price-shrugs-of-intense-fud-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-coin-price-prediction-bnb-price-shrugs-of-intense-fud-crypto-news\/","title":{"rendered":"Binance Coin Price Prediction – BNB Price Shrugs Of Intense FUD – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Binance (BNB) coin price has defied all the bearish predictions by showing a strong rebound. The coin of the top crypto exchange is trading sideways on Friday after retesting the key resistance level of $220. The weakness in Bitcoin is generating headwinds for BNB price.<\/p>\n

According to Coingecko, BNB is currently the fourth biggest digital asset, with a market capitalization of $33.5 billion. This makes it the second biggest smart contract cryptocurrency, behind Ethereum. BNB is the native asset of Binance Smart Chain and the whole Binance<\/a> ecosystem.<\/p>\n

Is CZ Pumping BNB Price By Selling BTC?<\/h2>\n

Since last week, many crypto analysts on Twitter have been accusing Binance CEO CZ of artificially holding BNB price up by selling Bitcoin. In the following Tweet, a Twitter influencer MartyParty, accused the top exchange of keeping the price of its exchange coin above $212.<\/p>\n

\n
\n
\n

There is a reason $BNB<\/a> has not dropped below $212.<\/p>\n

Binance has a $BNB<\/a> backed loan liquidating at $212 down from $220 after margin was added in June. <\/p>\n

Rationale:<\/p>\n

\u2013 @cz_binance<\/a> is in self preservation mode selling BTC from the bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h wallet\u2026 pic.twitter.com\/bVD5qzpiX4<\/a><\/p>\n

\u2014 MartyParty (@martypartymusic) August 18, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Another analyst took the allegations further, revealing that the Binance CEO is not letting the price down to avoid liquidation of a massive loan on Venus Protocol. According to the allegation, the loan has BNB deposited as collateral and would get automatically liquidated at the Binance coin price of $212.<\/p>\n

Binance Coin Price Must Break Above $250<\/h2>\n

The following BNB coin chart shows that it has been trading within a very wide range since June 2022. The bottom of this trading range is $185, and the top lies at $338. After breaking below the middle of this trading range i.e., $250, the bears are now targeting the range lows.<\/p>\n

To make Binance coin price prediction bullish once again, bulls need to gain strength above $250 very soon. Otherwise, I expect a retest of the $185 in the coming weeks. The Bitcoin price action may act as a catalyst for such a downward move.<\/p>\n

I\u2019ll keep posting my updated outlook on BNB price on my\u00a0Twitter<\/a>, where you\u2019re welcome to\u00a0<\/em>follow me.<\/p>\n

\"Binance
BNB Price Chart<\/figcaption><\/figure>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Binance (BNB) coin price has defied all the bearish predictions by showing a strong rebound. The coin of the top crypto exchange is trading sideways on Friday after retesting the key resistance level of $220. The weakness in Bitcoin is generating headwinds for BNB price. According to Coingecko, BNB is currently the fourth biggest digital […]<\/p>\n","protected":false},"author":2,"featured_media":142571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-142570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142570"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142570\/revisions"}],"predecessor-version":[{"id":146603,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142570\/revisions\/146603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142571"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}