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Binance native token (BNB/USD) Prices have reached a new level. At $352, BNB is trading at its highest level since May 9, 2022. This is because the world’s largest cryptocurrency exchange continues to undergo numerous developments. From a quick technical perspective, native tokens are about to start a ‘golden cross’ and the next move may be unstoppable.
As you know, Binance continues to be involved in the Twitter acquisition move. Nevertheless, Binance CEO Changpeng Zhao has not kept it under his sheet based on his latest comments. CZ said Wednesday that he is ready to join Twitter’s board at Elon Musk’s invitation. Twitter hasn’t invited him yet, but given his good relationship with Musk, it’s still possible he will. Of course, that would fuel speculation that his BNB will become the core of Twitter’s payment method.
Binance is also keeping an eye on growth and investors can see a lot of utility in the native token. As part of expanding the business, CZ said he is open to investing in banks and outright acquisitions. According to CZ, collaborating with banks is a good way to attract new users.
According to the latest insights, BNB continues to soar. At the time of writing, BNB was making more than 8% of his intraday profit. Tokens have been added by 20% in the past week. A major breakout confirms the bullish trend.
Source TradingView
On the technical side, BNB has broken out of the key resistance at $330. The token is trading near the next resistance at $360. However, a potential ‘golden cross’ could be a powerful bullish trigger that pushes BNB above $400.
A golden cross occurs when the 50-day moving average crosses above the 200-day moving average. This marks the beginning of a long-term bullish trend. Looking at the daily chart, the 50-day moving average is closing in on his 200-day moving average. A golden cross that will sound the bull alarm and set BNB into a permanent recovery could be confirmed soon.
Even after the recent breakout, BNB remains attractive.the investor buy In a retracement as the token is approaching the resistance zone.
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