The coin of the main monopolist of the planet is entirely dependent on the welfare of the exchange. Therefore, a lot of money is being invested in the development of the BNB project.
BNB coin ranks first among cryptocurrencies in terms of TVL.
TVL (Total Value Locked) - the total amount of assets that are locked within the platform. TVL is commonly used as a metric to measure the size and activity of an ecosystem or DeFi protocol. In DeFi, users can lock up their crypto assets as collateral or deposit them into a smart contract to participate in various DeFi activities.
Also, the BNB team is constantly hard forking to improve the platform. The coin is simply forced to grow due to the fact that it is constantly used in certain actions within the platform and the Binance exchange itself.
📈 Technical Analysis
At the moment, the coin is once again storming the key resistance level of $339. As you can see on the chart, the coin has already attempted a breakout 9 times. Only now the coin has been squeezing to the level for a long time and the volume has started to go in. The coin is moving locally within the ascending channel and is now almost at the lower border of the channel.
🔮 Below is a strong support zone in the form of levels, moving and profile volume. Therefore, we can safely say that in the coming days or weeks, this level will be broken up. Above the current level, the void is up to $420.
