BNB Price Analysis: Binance Social Media Mentions Hit 8-Month Peak as Changpeng Zhao Denounces TST Memecoin

Quick Summary:

Binance Coin (BNB) price rose 13% over the weekend, trading as high as $635 on Feb 9 as markets reacted to a rumored memecoin launch by Binance Co-Founder Changpeng Zhao.

Additionally, BNB is trading above the VWAP ($625), indicating active buying pressure, as traders are bidding slightly higher than market prices to secure their orders faster.

Another key factor is the price expansion beyond the midline of the Keltner Channel, showing a potential shift in volatility favoring the upside.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: IndiaChina

Topics: Price Analysis BNB price Binance Bnb price analysis Binance Coin (BNB)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 21:10:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 26006554

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