BNB (BNB), formerly known as Binance Coin, edges slightly up and steadies at $1,000 at the time of writing on Tuesday after falling 5.2% the previous day. With institutional demand picking up, sideline investors looking for a buying opportunity could do so between the $900 and $948 range.
BNB declined 2% on Tuesday as CEA Industries (VAPE) revealed it closed a private placement worth $500 million to launch a BNB-focused treasury.
BNB (BNB), formerly known as Binance Coin, continues its upward trend, trading above $670 at the time of writing on Thursday, following a breakout from a falling wedge pattern in late June. The bullish outlook is further supported by growing institutional interest in BNB.