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Disclaimer
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
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From the technical outlook, BNB is in a correction phase that could last a few days. The MACD indicator remains in the bull zone, but momentum is weakening. With the latest exploit, BNB’s weakness will exacerbate, while a break above $300 will wait for another day. The cryptocurrency could find support at $267.
BNB’s weakness is expected to rise further after the hacking incident. However, buyers have been defending $267, making it the ultimate key level to watch.
BNB takes a hit from an exploit. Here is the level to watch appeared first on CoinJournal.
