Coin Price Targets 20% Rally

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bullish Binance Coin price prediction

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BNB Treasury

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Business & Economics

Binance Coin Price Prediction As $600M Flows into BNB Treasury

Summary

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63% Informative

Binance Coin price targets a 20% upward rally as it squeezes within a symmetrical triangle.

The BNB price has created a strong support at $ 600 , considering the fact that it has been trading above this level since early May .

Nano Labs has bought $ 50 M BNB tokens as part of its plans to have a treasury that includes this altcoin.

In total, $ 600 M have been committed towards BNB treasuries in last 30 days .

There has been a significant drop in the BNB funding rate, drawing speculation of whether a short squeeze may be imminent.

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