Binance Coin vs Tether (BNBUSDT) is trading within an ascending channel while printing a beautiful uptrend... This altcoin pair can easily continue to grow, but why?
Right now we can see prices for BNBUSDT moving above MA200 (black line). This indicator is an important level for altcoins and moving above it sends out a strong bullish signal.
With this resistance cleared, confirmation only comes after today's candle close, BNBUSDT can continue to grow.
Additionally, the RSI is super strong and the MACD as well.
All the important support and resistance levels are marked on the chart.
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@tojestmihciu, Hmm..yeah, the BNB token economical metrics are kinda unique..through new users who needs BNB for feeds, BNB paid in fees to Binance and coinburn...Normal BNB investment based on its crazy good performance records as store of value compared to the rest of the market.
Confucius-The-Great
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Based on past performance, Binance's status as nr.1 exchange in the world and expanding, the stability of price, and so on. I think BNB will once again outperform the general market. Nothing has changed since last year in a bad way for BNB & Binance.
Confucius-The-Great
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@Confucius-The-Great, Oh, and the increasing popularity of the Binance CEO on social media too not to forget.