BNB Price Prediction: Binance Founder Sparks Optimism for $800 Rally
Binance founder CZ just announced that Binance Coin (BNB) is listed on Revolut, a big deal for the cryptocurrency.
This is during a 9% drop in BNB price during the crypto selloff. CZ’s comments has boosted investor confidence in BNB’s future. As BNB gets more institutional adoption.
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Revolut, a leading European exchange with 40 million+ users globally, now supports BNB. Another big step in the adoption process. CZ posted on X, “Just learned: Revolut listed $BNB. I didn’t know about it until a few minutes ago. The community is growing.” The listing proves BNB’s utility and appeal.
The community is growing.” The listing underscores BNB’s utility and appeal, potentially attracting new investors and enhancing its global presence.
Market Trends Point to BNB Recovery Potential
BNB is at $638. Trading volume is up 5% to $2.94B. RSI is 39. Oversold. Analysts say the key resistance is at $886. If it breaks above that, it could go to $1036.
CoinGlass shows 5% decrease in open interest. But long term investors are not deterred. They think BNB can go to $800 in the near term as institutional adoption increases.
Broader Market Sentiment Remains Positive
Despite recent setbacks, the broader crypto market has shown resilience, with a robust rally in recent months. BNB’s listing on Revolut aligns with this trend, further solidifying its position as a leading cryptocurrency. Analysts believe the token’s utility and growing adoption across platforms could drive sustained upward momentum, especially as Binance continues to expand its reach.
Key Takeaways:
BNB listed on Revolut, Europe’s leading exchange with 40M users.
RSI at 39 indicates potential recovery despite a 9% price drop.
Breaching $886 could set the stage for BNB’s rise to $1,036.
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