BNB Price forms Giant C & H in front of Pascal Hard Forklift

The price of binancene coins formed a significant sample of glass and lunch, because its ecosystem continues to expand in front of the Pascal update.

Binance coins (Bnb) Fifth largest cryptocurrency, traded $ 660 on Friday, but 30% of the lowest point this month.

The next potential catalyst for the BNB price is a former Pascal hard forklift, scheduled for activation in March.

This will be an important network update because it will introduce better compatibility of Etherum, smart bank banknotes and more tools for making better decentralized applications or daps.

The Pascal will be one of the few planned promotions of the BNB chain this year this year. In April, he will follow him in April and Maxwell in June. These upgrades will aim to reduce the time of a block of 1.5 seconds to 0.75 seconds.

These upgrades come at a time when the BNB chain is done relatively well. For example, he rolled over the solane (Salt) and Etherum (El) in terms of a decentralized volume of exchange. That handle Over $ 21.48 billion in the last seven days, greater than Solan’s 21.31 billion dollars and Etherum is $ 13.5 billion.

The total value of the BNB chain locked in the ecosystem has increased $ 5.7 billionWhile the rewinded TVL took $ 14 billion. His stablecoin market cap took $ 6.9 billion.

Technical analysis price BNB Price

The two-week graph indicates that the price of the BNB is in consolidating this year, forming an aged channel that connects more high and higher lowest falls since December. This price movement is aligned with the development of a glass and a handling form, a bakery indicator in technical analysis.

The BNB has now reached the resistance to the keys to 667 dollars, marking the upper limit of the C & H form, which is 70% depth.

If this form holds, the price of the BNB could rose to $ 1,125 in the long run, representing an increase of 70% from current levels. However, Bullish Outlook would be invalid if BNB falls below $ 505, its lowest point this month.