This crypto analyst believes that BNB is showing signs of strength
Analyst Ali Martinez tweeted that if the coin manages to hold a key price level, he sees that the coin[बीएनबी]Moving towards $443.
Prominent trader Scott Melker also shared his prediction for the possible move of BNB in the near future.
BNB $443 . can go back to
So far, as he anticipated, it has held back – up to $337. Should BNB be able to hold above $332, he expects BNB to attempt a run towards $443.
The analyst presented a screenshot of a chart with Fibonacci levels, showing how the coin could be propelled to the aforementioned target level.
This confirms the prediction that the analyst made in response to a tweet by prominent trader Scott Melker on November 4. Following this, Martinez tweeted that he expects BNB to drop to the $338-$334 level and then “reload and aim higher.”
Melker, in that tweet, pointed to the fact that BNB had broken the key resistance level at $337. He believes that should the Bitcoin price remain stable and hold above $20,000 (on Nov. 4, BTC traded in the $20,300 zone), then BNB should keep climbing and reach the $500 zone, facing big hurdles on its way there.
The above downward move by BNB occurred when the native coin of the Binance exchange fell from a high of $359 on November 5.
That high was reached on the news of Elon Musk taking over Twitter and CZ providing an investment of $500 million to help him do that.
Will BNB be used on Twitter?
As reported by U.Today last week, analyst Miles Deutscher believes that BNB is one of the tokens that could later be integrated with Twitter for payments.
He pointed out that Binance had just launched the “Bluebird Index,” which tracks the performance of the following cryptocurrencies: Doge, BNB and MASK.
He linked the name “Bluebird” to Twitter and concluded that Binance Coin is likely to become a payment tool at the social media giant recently acquired by the Tesla boss.
The first but vital change introduced by Musk on the platform is that he is making all owners of verified accounts to pay $8 a month to keep their blue checkmark displayed.
Many are protesting the decision, including renowned American author Stephen King, accusing Musk of buying Twitter “not for the love of humanity and freedom of expression” but only to make money.
Besides, Musk is laying off half of the company’s personnel, claiming that this is the only way to stop Twitter losing millions USD per day.
