On Friday april 19, Binance BNB coin is consolidating in yet another bullish formation, which could breakout to the upside and lead into all-time high price zone.
Binance is like a goose that lays the golden eggs. Company led by CEO, Changpeng Zhao, has made one announcement after another and shows no signs of slowing down.
Not surprisingly, the future for the largest cryptocurrency exchange by trading volume looks very rosy indeed.
As we wrote earlier, decoupling from the volatilities of Bitcoin’s price movement is the ultimate goal of almost every altcoin.
It seems that Binance’s main cryptocurrency, BNB coin, is getting closer then ever towards this goal and is probably the only digital currency in crypto space that is capable to challenge the Bitcoin’s status quo.
On Friday morning (GMT), BNB coin is trading at $21.8 price mark and continues to climb up. However, what’s more interesting is how BNB is performing against Bitcoin (BTC). 4-hour BNB/BTC price chart clearly shows a bullish consolidation.
Unless Bitcoin would fall sharply, BNB price breakout upwards is imminent. The next resistance BNB coin could face at 0.0044 sats. However, if it will break through this level, and Bitcoin will remain in the range of $5,200-$5,300, BNB coin could hit a new all-time high.