BNB (BNB) Price Outlook - How Much Lower Can It Go?

BNB (BNB) Price Outlook – How Much Lower Can It Go?

Updated: 10 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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BNB price continues to slide, falling 1.6% to $211.45 in the past 24 hours, 11% in a month and almost 28% in a year.

BNB Statistics:

Today’s Price – $213
Market cap – $32.80 Billion
Circulating supply – 153,849,274 BNB
Total supply – 153,849,274 BNB
Coinmarketcap ranking – 4

BNB Price Analysis

If the price stays above the moving averages for 30 and 50 days in the next few days, the price could rise to $250 or higher. BNB’s price may face resistance around $233.9 but if it stays below that point it will may find support around the current level at $211.

Source: TradingView Daily Chart BNB/USDT

BNB’s RSI is at 40, indicating a possible drop in price. RSI signals and moving averages indicate potential price decreases for BNB. Look out for the support level at $211 and the RSI-14. It could rise if the price breaks the first resistance level and the RSI-14 goes above 50.

With BNB in the doldrums, an interesting alternative is the Wall Street Memes presale, which gives investors a good opportunity to buy before WSM launches on the DEX exchange in just 17 days.

Promising Alternative to BNB

You can buy Wall Street Memes currently for $0.0337. Some experts believe its price will rise quickly when it is listed amid the positive news about the project.

Wall Street Memes Success: Raising $28 Million and Looking Ahead

The Wall Street Memes project has raised about $28 million from the crypto community even before it officially starts. It will have between 1.4 and 1.5 billion tokens available for trading when it finally launches.

Traders and investors are excited about the WSM token being added to major exchanges. This excitement could attract more investors and create greater demand for WSM tokens.

Currently, more than 290 million tokens are staked, and you can earn a decent yearly interest rate (APY) of 69%. Staking is a way to keep people engaged for the long term and ensure that the token’s price doesn’t suddenly drop when it becomes available for trading.

Wall Street Memes Presale: Your Gateway to Exciting Rewards

Participating in the Wall Street Memes presale is simple. You can tokens using Ethereum, USDT, a credit card, or BNB. But you need a popular crypto wallet like Metamask.

Here’s how it works: Download the Metamask wallet from the App Store or Google Play, put your chosen cryptocurrency in it, and prepare for the presale. Check out our detailed guide if you want more information about getting $WSM.

WSM allocates 50% of its resources to marketing to get more attention and sets aside 30% for community rewards to engage users. The remaining 20% supports trading on different exchanges and media streaming projects.

Wall Street Memes is actively promoting itself. Influential YouTubers and crypto experts are talking about it, generating excitement.

The project has ambitious goals that include reaching a market value of $1 billion. Wall Street Meme has a clear plan to achieve these goals, which attracts investors.

Wall Street Memes will host an airdrop to sweeten the deal, offering a chance to win $10,000. You can participate by following Wall Street Memes on social media and visiting their website. The more you participate, the better your chances of winning.

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