📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
A few time ago price declined from 222 points and entered consolidation, where it declined until to 212 resistance level, which coincided with the resistance zone. However, after this movement, the price rebounded and started to rise to the top part of the consolidation. When it reached the top part, BNB at once bounced down to the resistance area, where it some time traded and later rebounded down to 204 points, thereby exiting from consolidation and breaking the 212 resistance level. A not long time ago Binance Coin bounced and made an impulse up to the resistance zone, but recently price declined back and at the moment it trades very close to the resistance level. I expect that the price can finally break the resistance level, make a retest, or at once continue to move up. Therefore I set up my target at the 217 level.
📊QUICK FUNDAMENTAL LOOK
In a significant shakeup, Binance.US, the American counterpart of the global cryptocurrency exchange, has executed a substantial workforce reduction, trimming approximately a third of its staff, equating to the elimination of 100 positions. This restructuring also encompasses the departure of Binance.US's President and CEO, Brian Shroder.
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